Tik Tok deal was close; China changed because of tariffs': Trump

Washington: US President Donald Trump said that the deal on TikTok was pretty close. However, he noted that China changed its mind due to tariffs.

Speaking to reporters aboard Air Force One, Trump stated that China would have approved the deal in 15 minutes if he had given a cut in tariffs.

When asked about a report that there was about to be a deal on TikTok but China changed its mind, Trump responded, “The report is that we had a deal, pretty much for Tiktok, not a deal, but pretty close, and then China changed the deal because of tariffs. If I gave a little cut in tariffs, they’d approve that deal in 15 minutes, which shows you the power of tariffs.”

Last week, Trump announced that China would face a 34 per cent tariff. Following Trump’s announcement, China announced it would impose reciprocal 34 percent tariffs on all imports from the US on April 10, CNN reported.

Donald Trump on Friday said that his administration had been working on a deal to “save TikTok” and that he would sign an executive order to keep the app operational for an additional 75 days.

Sharing a post on his social media platform Truth Social, Trump wrote, “My administration has been working very hard on a deal to SAVE TIKTOK, and we have made tremendous progress. The deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.” (ANI)

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