Donald Trump Says He Can Give China Reduction In Tariffs But There's A TikTok Catch
Donald Trump On China Tariffs: Donald Trump said, "Maybe I give them a little reduction in tariffs or something to get it done.”
US President Donald Trump said that he may reduce tariffs on China if that results in Beijing’s approval for the sale of popular social media platform TikTok. He said, “Maybe I give them a little reduction in tariffs or something to get it done."
Earlier this month, Donald Trump said the United States was in talks with four groups interested in acquiring TikTok. The app faces uncertainty in the US as it has been ordered to divest from its Chinese owner ByteDance or be banned in the United States over concerns that Beijing could exploit the video-sharing platform to spy on Americans or influence public opinion.
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The law took effect on January 19 but Donald Trump quickly announced a delay in the same which has allowed TikTok to continue to operate. The delay is set to expire on April 5.
Donald Trump said that if the deal was not done in time, he would extend the deadline. “We’re going to have a form of a deal. China is going to have to play a role in that, possibly in the form of an approval and I think they’ll do that," the US President said.
Artificial intelligence (AI) startup Perplexity recently expressed its interest in buying TikTok. It said, “Combining Perplexity’s answer engine with TikTok’s extensive video library would allow us to build the best search experience in the world." Others in the running are Microsoft, Oracle and a group that includes Internet personality MrBeast.
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