Trump Suggests Tariff Cuts If China Allows ByteDance To Divest TikTok In US Deal

Benzinga

President Trump has suggested that he could cut tariffs on Chinese goods, according to the Financial Times. This would occur if Beijing agrees to allow ByteDance, the owner of TikTok, to divest the app to avoid a ban in the US. The comments came shortly after Trump imposed reciprocal tariffs on multiple countries, including a 34% levy on Chinese imports. Trump stated his administration is close to finalizing a deal with investors that would allow TikTok to continue operating in the US. Concerns remain over who would control TikTok's algorithm, a key issue in the ongoing negotiations. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President Trump has suggested that he could cut tariffs on Chinese goods according to

00:06the Financial Times.

00:07This would occur if Beijing agrees to allow ByteDance, the owner of TikTok, to divest

00:11the app and avoid a ban in the U.S.

00:13The comments came shortly after Trump imposed reciprocal tariffs on multiple countries,

00:17including a 34% levy on Chinese imports.

00:21Trump stated his administration is close to finalizing a deal with investors that would

00:24allow TikTok to continue operating in the U.S.

00:27Concerns remain over who would control TikTok's algorithm, a key issue in the ongoing negotiations.

00:33For more coverage on tariffs and how they impact your portfolio, visit Benzinga.com.

00:37For all things money, visit Benzinga.com slash GSTV.

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