Trump said he may reduce tariffs on China to help facilitate a deal for ByteDance to sell TikTok’s U.S. operations.
- He suggested a small tariff reduction could help get the deal done but noted tariffs are worth more than TikTok overall.
- Trump also indicated he might extend the deadline for the TikTok sale again.
Trump made these remarks during his announcement of auto tariffs earlier:
- Trump slaps a 25% tariff on all cars not made in the USA
- The USD has risen after Trump’s announcement of 25% tariff on all autos not made in USA
- Recap of Trump’s 25% auto tariff on foreign-made cars starting April 2nd
This article was written by Eamonn Sheridan at www.forexlive.com.