Trump Offers China Relief From Tariffs in Exchange for TikTok Deal Approval

US President Donald Trump on Thursday said he would consider a deal for TikTok where China agrees to approve the sale of the short video app owned by ByteDance in exchange for relief from US tariffs on Chinese imports.

Speaking to reporters aboard Air Force One, Trump used TikTok as an example of how tariffs can be used to negotiate with other countries.

“You have a situation with TikTok where China will probably say: ‘We’ll approve a deal, but will you do something on the tariffs?’” Trump said. “We could use tariffs in order to get something in return.”

Also See: US-China Trade Envoys Hold First Talks as Trump Suggests Cutting Tariffs for TikTok Deal

TikTok faces an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned from the United States.

Trump said his administration is “very close” to reaching a deal on TikTok, with multiple investors involved.

Trump made the comments a day after he announced a 10 per cent baseline tariff on all imports to the United States and higher duties on some of the country’s biggest trading partners.

This news is sourced from South China Morning Post and is intended for informational purposes only.