Bitcoin

Bitcoin

$105,099.43

BTC 3.11%

Ethereum

Ethereum

$2,403.74

ETH 6.22%

  • Login
  • Register
Metaverse Media Group
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
Metaverse Media Group

China tariffs may be cut to seal TikTok sale, Trump says

China tariffs may be cut to seal TikTok sale, Trump says

BBC NewsbyBBC News
7 April 2025
US President Donald Trump says he may cut tariffs on China to help seal a deal for short video app TikTok to be sold by its owner ByteDance.Trump also said he was willing to extend a 5 April deadline for a non-Chinese buyer of the platform to be found.In January, he delayed the implementation of a law passed under…
image

US President Donald Trump says he may cut tariffs on China to help seal a deal for short video app TikTok to be sold by its owner ByteDance.

Trump also said he was willing to extend a 5 April deadline for a non-Chinese buyer of the platform to be found.

In January, he delayed the implementation of a law passed under the Biden administration to ban TikTok.

The legislation, which was signed into law in 2024, cited national security grounds for the sell or be banned order.

“With respect to TikTok, and China is going to have to play a role in that, possibly in the form of an approval, maybe, and I think they’ll do that,” Trump told reporters on Wednesday.

“Maybe I’ll give them a little reduction in tariffs or something to get it done,” he added.

Trump also said he expected at least the outline of a deal to be reached by the 5 April deadline.

In response to the comments, a spokesman for China’s foreign ministry said Beijing “has repeatedly stated its position. China’s opposition to the imposition of additional tariffs has always been consistent and clear”.

Trump made the comments after announcing new import taxes of 25% on all cars and car parts coming into the US in a move that threatens to widen the global trade war.

The BBC has contacted TikTok for comment.

The biggest sticking point to finalising a deal to sell the TikTok business, which is worth tens of billions of dollars, has always been securing Beijing’s agreement.

Trump has previously tried to use tariffs as leverage in the negotiations.

On his first day back in the White House, on 20 January, the president threatened more import duties on China if it did not approve a TikTok deal.

The hugely popular app is used by around 170 million Americans.

Trump, who called for TikTok to be banned in his first term as president, now has an account on the platform.

He has more than 15 million followers and has said he received billions of views on the app during his presidential election campaign.

Separately, the US increased levies on all imports from China to 20% this month.

That doubled the tariffs Trump imposed on the world’s second largest economy on 4 February.

On 10 February, China responded with its own tariffs, including a 10-15% tax on some US agricultural goods.

Beijing has also targeted various US aviation, defence and tech firms by adding them to an “unreliable entity list” and imposing export controls.

The 10% levy doubled to 20% on 4 March.

China has urged the US to return to dialogue with Beijing as soon as possible.

Read the full article on BBC.com
in Technology
Reading Time: 3 mins read
0
0
21
VIEWS
Share on TwitterShare on Facebook

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now
ADVERTISEMENT

Related Posts

The perils of Trump’s chips strategy: the US will struggle to take on Asia
Technology

The perils of Trump’s chips strategy: the US will struggle to take on Asia

2 months ago
27
Minister’s X account hacked to promote crypto scam
Technology

Minister’s X account hacked to promote crypto scam

2 months ago
28
Mark Zuckerberg defends Meta in social media monopoly trial
Technology

Mark Zuckerberg defends Meta in social media monopoly trial

2 months ago
30

Comments

Please login to join discussion
ADVERTISEMENT

Latest News

  • All
  • Crypto
  • NFTs
  • Technology
  • Business
Meta’s Ray-Ban AR Smart Glasses: From European Best-Seller to Indian Expansion
AI

Meta’s Ray-Ban AR Smart Glasses: From European Best-Seller to Indian Expansion

XR Today
by XR Today
1 month ago
34
From Presence to Productivity: How XR Hand and Eye Tracking Enhances Virtual Workspaces
AI

From Presence to Productivity: How XR Hand and Eye Tracking Enhances Virtual Workspaces

XR Today
by XR Today
2 months ago
29
Meta’s XR Strategy: Dominating the Smart Glasses Market in the Age of AI and Augmented Reality
AI

Meta’s XR Strategy: Dominating the Smart Glasses Market in the Age of AI and Augmented Reality

XR Today
by XR Today
2 months ago
37
XR User Tracking: Privacy, Security and Compliance Considerations for Businesses
AI

XR User Tracking: Privacy, Security and Compliance Considerations for Businesses

XR Today
by XR Today
2 months ago
39
Vuzix Supercharges Smart Glass Innovation with Silicon Valley Hub and OEM Boost
AI

Vuzix Supercharges Smart Glass Innovation with Silicon Valley Hub and OEM Boost

XR Today
by XR Today
2 months ago
35
Vuzix and Xander Deliver Real-Time Captioning Through AR Smart Glasses
AI

Vuzix and Xander Deliver Real-Time Captioning Through AR Smart Glasses

XR Today
by XR Today
2 months ago
26
Load More
Next Post
Social media ban not practical or effective, teens say

Social media ban not practical or effective, teens say

ADVERTISEMENT

Follow Us

Categories

  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
Subscribe to our Newsletter

© 2022 Metaverse Media Group – The Metaverse Mecca

Privacy and Cookie Policy | Sitemap

No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
Bitcoin

Bitcoin

$105,099.43

BTC 3.11%

Ethereum

Ethereum

$2,403.74

ETH 6.22%

  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe to our newsletter

Get the latest news & win monthly prizes

Subscribe to our newsletter

For the Latest News and Monthly Prize Giveaways

Join Now
Join Now