President Donald Trump said he would consider lowering tariff rates imposed on China to secure Beijing’s support for a sale of TikTok’s US operations to an American company. Trump predicted he would be able to secure at least the outline of a deal for TikTok by next week, but said if an agreement was not completed he would move to extend the deadline. Any deal would require approval not only from Trump, but from TikTok’s parent and the Chinese government, and would need to comply with the divestiture law signed last year. Bloomberg’s Matt Schettenhelm reports. (Source: Bloomberg)
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2025-03-31
