US President Donald Trump says he may cut tariffs on China to help seal a deal for short video app TikTok to be sold by its owner ByteDance.
Trump also said he was willing to extend a 5 April deadline for a non-Chinese buyer of the platform to be found.
In January, he delayed the implementation of a law passed under the Biden administration to ban TikTok.
The legislation, which was signed into law in 2024, cited national security grounds for the sell or be banned order.
“With respect to TikTok, and China is going to have to play a role in that, possibly in the form of an approval, maybe, and I think they’ll do that,” Trump told reporters on Wednesday.
“Maybe I’ll give them a little reduction in tariffs or something to get it done,” he added.
Trump also said he expected at least the outline of a deal to be reached by the 5 April deadline.
In response to the comments, a spokesman for China’s foreign ministry said Beijing “has repeatedly stated its position. China’s opposition to the imposition of additional tariffs has always been consistent and clear”.
Trump made the comments after announcing new import taxes of 25% on all cars and car parts coming into the US in a move that threatens to widen the global trade war.
The BBC has contacted TikTok for comment.
The biggest sticking point to finalising a deal to sell the TikTok business, which is worth tens of billions of dollars, has always been securing Beijing’s agreement.
Trump has previously tried to use tariffs as leverage in the negotiations.
Credit: bbc.com
The post China tariffs may be cut to seal TikTok sale, Trump says appeared first on The Ghanaian Chronicle.
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