With the April 5 deadline approaching, US authorities continue their search for buyers of TikTok’s American assets. The goal is to allow the Chinese-owned social network to keep operating in the country. Donald Trump has indicated that he is open to facilitating the deal by offering tariff relief on Chinese goods if necessary.
Trump’s View on the Deal and Tariffs
At a press conference on Wednesday, as reported by CNBC, Trump stated that China “will play a role” in approving the agreement. He suggested that reducing tariffs could be part of the negotiations to finalize the sale. “Maybe I’ll give them a little bit of a tariff reduction or something to get it done,” he said, adding that “every percentage point of tariffs means more than TikTok.”
Possible Extension of the Ban Delay
Trump also noted that he could extend the deadline for TikTok’s ban in the US. He had already used this power in January when he first took office, delaying the restriction’s implementation, reminds NIX Solutions. The current deferment is set to expire on April 5, but according to Trump, an additional extension is possible if the deal remains unfinished.
The situation remains fluid, and we’ll keep you updated as developments unfold.