Trump says he may reduce China tariffs to help close a TikTok deal

Trump says he may reduce China tariffs to help close a TikTok deal


Muhammed Selim Korkutata | Anadolu | Getty Images

President Donald Trump said he may reduce tariffs on China to facilitate a deal that would result in ByteDance selling the U.S. operations of TikTok.

China “is going to have to play a role” in approving a TikTok-related divestiture, Trump said in a press conference Wednesday.

“Maybe I’ll give them a little reduction in tariffs or something to get it done,” Trump said. “TikTok is big, but every point in tariffs is worth more than TikTok.”

Although a national security law requires ByteDance to divest TikTok’s U.S. operations or face an effective ban in the country, Trump in January signed an executive order that delayed the deadline for a deal to April 5. Trump has previously said that he wants the U.S. to maintain a 50% ownership position in TikTok via a joint venture.

It’s possible he will extend the TikTok deadline again, Trump said Wednesday.

“We’re going to have a form of a deal, but if it’s not finished, it’s not a big deal,” Trump said.
“We’ll just extend it.”

Vice President JD Vance told NBC News earlier this month that he was confident that a TikTok-related deal would happen by the April deadline.

“There will almost certainly be a high-level agreement that I think satisfies our national security concerns, allows there to be a distinct American TikTok enterprise,” Vance said.

WATCH: TikTok bid is ‘in active dialogue’ with Trump administration.

TikTok bid is ’in active dialogue' with Trump administration, says Liberty Project's Frank McCourt



Source

Stablecoins stole the show at Bitcoin 2025 — here’s what the major players said
Technology

Stablecoins stole the show at Bitcoin 2025 — here’s what the major players said

Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter. MacKenzie Sigalos LAS VEGAS — At the world’s largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn’t about bitcoin. Stablecoins, the dollar-pegged digital tokens now driving a full-scale financial and political shift in […]

Read More
$TRUMP and other meme coins won’t be protected by SEC, Commissioner Hester Peirce says
Technology

$TRUMP and other meme coins won’t be protected by SEC, Commissioner Hester Peirce says

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images LAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on $TRUMP, […]

Read More
Zscaler jumps 8% on strong results fueled by AI growth
Technology

Zscaler jumps 8% on strong results fueled by AI growth

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Zscaler shares jumped 8% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform. “The proliferation of AI in all aspects of business is increasing the […]

Read More