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The law that was signed in 2024 has raised national security concerns as a basis for sale or prohibition.
Mr. Trump told reporters on Wednesday, "With regard to TikTok, China will probably play a role in that, perhaps in the form of an agreement, and I think they will do so."
He added, "I might give them a small tax reduction or something to achieve it."
Mr. Trump also mentioned that he expects at least the framework of an agreement to be reached by the April 5th deadline.
In response to this statement, the spokesperson of the Chinese Ministry of Foreign Affairs stated that Beijing has "once again confirmed its position." China's opposition to additional tariffs remains consistent and clear.
Mr. Trump made this statement following the announcement of a new 25% import tax on all vehicles and automotive parts entering the United States, an action that poses a threat to expanding global trade wars.
The biggest obstacle in finalizing the TikTok sale agreement, worth hundreds of millions of dollars, often requires approval from Beijing. Mr. Trump has previously used tariffs as leverage in negotiations.
On his first day back at the White House on January 20th, the President threatened to impose additional tariffs on China if they didn't agree to the TikTok agreement. This popular app is used by approximately 170 million Americans.
Trump, who called for TikTok to be banned during his first term as president, now has an account on the platform.
He has more than 15 million followers and has stated that he received millions of views during his presidential campaign. Meanwhile, America has increased the import tax on all goods from China to 20% this month. This has doubled the tax that Mr. Trump imposed on the world's second-largest economy on February 4th.
On February 10th, China responded with its own tariffs, including a 10-15% tax on certain U.S. agricultural products.
Beijing has also designated several U.S. companies in aviation, defense, and technology as "untrustworthy entities" by adding them to the "List of Unreliable Entities" and imposing export restrictions.
China has urged the United States to resume negotiations with Beijing as soon as possible. Overall, exports from many countries have decreased by 20%.
The impact has been felt across major tech platforms including TikTok, Facebook, Twitter, Google, Amazon, Microsoft, Snapchat, LinkedIn, Netflix, and Apple.
TikTok faces a 20% rate, while Facebook and Instagram face 40%, Twitter 10%, and Google Services 30%. Apple has also been affected by these measures.
This growing trend of countries scrutinizing and taking action against tech giants highlights the increasing importance of digital sovereignty and data privacy.
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