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Investing.com-- U.S. President Donald Trump said on Wednesday that he was open to reducing some trade tariffs against China in exchange for a deal to sell short video app TikTok to an American buyer.
His comments come just a week before an April 5 deadline for TikTok parent Bytedance to find a non-Chinese buyer for its app, or face a U.S. ban on national security grounds. The ban was set to take effect in January, but was postponed by Trump through executive order. The U.S. President has signaled that he is willing to further extend Bytedance’s deadline.
“Maybe I’ll give them a little reduction in tariffs or something to get it done,” Trump said at a press conference on Wednesday. “TikTok is big, but every point in tariffs is worth more than TikTok.”
Trump had in March imposed 20% tariffs against China, drawing ire and retaliation from Beijing, while also further straining ties between the world’s biggest economies.
It was not clear just how involved Beijing was in Bytedance’s efforts to find a buyer. But the White House has been closely watching the deal.
A Reuters report earlier in March showed Trump stating that his administration was in talks with four different groups over a TikTok sale.