Former President Donald Trump indicated Wednesday he might consider a reduction in tariffs on Chinese goods if the Chinese government signs off on the TikTok deal his administration helped arrange. Speaking to reporters, Trump suggested the tariff reduction would be a 'little' adjustment, contingent upon China's approval of the agreement.
The proposed deal aims to address national security concerns raised by U.S. officials regarding TikTok's data collection practices and potential ties to the Chinese government. The specifics of the deal remain confidential, but it reportedly involves a partnership with a U.S.-based company to manage TikTok's U.S. operations.
Trump's statement introduces a new element to the ongoing negotiations. Tariffs on Chinese goods were a key feature of Trump's trade policy during his presidency, and any reduction would signal a potential shift in approach. The Chinese government has not yet publicly commented on Trump's suggestion or the status of the TikTok deal approval.
Trump Suggests Tariff Cut if China OKs TikTok Deal
Former President Donald Trump hinted at potentially lowering tariffs on Chinese goods if China approves the proposed TikTok deal. He suggested the tariff reduction would be a gesture of goodwill following the deal's approval. The deal, brokered by his administration, aims to resolve national security concerns surrounding the popular video-sharing app. Any tariff adjustments would likely impact trade relations between the two countries.
Source: Read the original article at NBC