Trump said he may reduce tariffs on China to help facilitate TikTok US operations sale

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

• Trump has allowed a one-month tariff exemption for auto parts imports

This article was written by Eamonn Sheridan at www.forexlive.com.