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Trump Says He Could Cut China Tariffs to Secure TikTok Deal
Mint Mumbai
|March 28, 2025
Under a law signed last year by Biden, ByteDance was required to sell TikTok's US operations by 19 January
President Donald Trump said he would consider lowering tariff rates imposed on China to secure Beijing's support for a sale of the US operations of ByteDance Ltd.'s social video platform TikTok to an American company.
"Every point in tariffs is worth more than TikTok," Trump told reporters Wednesday in the Oval Office. He suggested that "in order to get China" to agree to a sale, "maybe I'd give them a reduction in tariffs."
Trump was speaking at an event to announce a new 25% duty on automobile imports, ahead of a planned announcement next week on his sweeping reciprocal tariff program. The president has already imposed 20% levies on goods imported from China.
This story is from the March 28, 2025 edition of Mint Mumbai.
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