President Donald Trump has suggested lowering tariffs on Chinese goods to push forward the sale of TikTok’s U.S. operations. ByteDance, the app’s parent company, must sell its U.S. assets by April 5 or face a ban.
Trump said China’s approval is crucial. Therefore, reducing tariffs could encourage cooperation. He also hinted at extending the deadline since TikTok is popular and several buyers are interested.
So far, many potential buyers have stepped forward. Former Treasury Secretary Steve Mnuchin, Reddit co-founder Alexis Ohanian, AI startup Perplexity AI, and billionaire Frank McCourt’s group are among them.
Meanwhile, trade tensions between the U.S. and China remain high. Both countries have imposed heavy tariffs in recent months. Now, Trump seems to be using these tariffs as a negotiation tool in the TikTok deal.
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