President Donald Trump stated on Thursday that he would consider offering tariff relief to China if Beijing approves a deal for the sale of TikTok, the short video app owned by ByteDance.
Trump suggested that the ongoing negotiations over TikTok could serve as an example of how tariffs can be leveraged in trade negotiations.
Speaking to reporters aboard Air Force One, Trump explained, "You have a situation with TikTok where China will probably say: 'We'll approve a deal, but will you do something on the tariffs?'" He emphasized that tariffs could be used to gain favorable concessions from other countries, including China, in this case.
TikTok, which is under pressure to find a non-Chinese buyer by April 5 to avoid a potential ban in the United States, has become a key point of contention between the U.S. and China. The app faces significant scrutiny from U.S. lawmakers over security concerns related to its Chinese ownership. Trump mentioned that his administration is "very close" to reaching a deal on TikTok, with several investors currently involved in the negotiations.
Trump's comments came just a day after he announced a 10% baseline tariff on all imports to the U.S. and raised duties on some of the country’s biggest trading partners, including China. As of now, China is facing a 54% tariff on goods imported into the U.S.
TikTok has not yet responded to a request for comment regarding Trump's remarks. The situation highlights the ongoing use of tariffs as a tool for negotiating with China and other nations in the broader context of U.S. trade policy.
Hundreds of people gathered for a second consecutive week at Tel Aviv’s Hostages Square, on Friday (12 December), to support the family of Master Sg...
Britain’s King Charles III said on Friday, 12 December, that his cancer treatment is expected to be reduced in the coming year, using a televised ad...
Talks aimed at ending the war between Ukraine and Russia are set to continue in Berlin this weekend, with U.S. envoy Steve Witkoff due to meet Ukraini...
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral tr...
Lebanon is prepared to demarcate its border with Syria, President Joseph Aoun said on Friday, while noting that the dispute over the Shebaa Farms coul...
Talks aimed at ending the war between Ukraine and Russia are set to continue in Berlin this weekend, with U.S. envoy Steve Witkoff due to meet Ukrainian President Volodymyr Zelenskyy and senior European leaders, a U.S. official said.
Venezuela’s oil shipments have plunged following the United States’ seizure of a tanker earlier this week.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The White House has confirmed that U.S. President Donald Trump intends to maintain both a “good working relationship” with China and a “very strong alliance” with Japan, even as tensions between the two countries continue to rise.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Britain’s King Charles III said on Friday, 12 December, that his cancer treatment is expected to be reduced in the coming year, using a televised address to urge people across the country to take part in cancer screening programmes, officials confirmed.
Talks aimed at ending the war between Ukraine and Russia are set to continue in Berlin this weekend, with U.S. envoy Steve Witkoff due to meet Ukrainian President Volodymyr Zelenskyy and senior European leaders, a U.S. official said.
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Lebanon is prepared to demarcate its border with Syria, President Joseph Aoun said on Friday, while noting that the dispute over the Shebaa Farms could be addressed at a later stage.
Greek farmers blocked the Port of Thessaloniki on Friday (12 December) as part of nationwide protests demanding delayed European Union subsidies and compensation for rising production costs and livestock losses.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment