China rebuffs Trump offer of tariff concessions if Beijing agrees to TikTok deal
The Hindu
China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs for the sale of TikTok.
China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing's approval for the sale of popular social media platform TikTok.
Trump said this month the United States was in talks with four groups interested in acquiring TikTok, with the app facing an uncertain future in the country.
A US law has ordered TikTok to divest from its Chinese owner ByteDance or be banned in the United States, enacted over concerns that Beijing could exploit the video-sharing platform to spy on Americans or covertly influence US public opinion.
The law took effect on January 19, a day before Trump's inauguration, but he quickly announced a delay that has allowed it to continue to operate.
That delay is set to expire on April 5.
Trump told reporters at the White House on Wednesday that he could give China "a little reduction in tariffs or something to get it done".
"We're going to have a form of a deal," Trump said, adding that if it wasn't done in time, he would extend the deadline.
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