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Trump may cut China tariffs to secure TikTok deal
US President Donald Trump suggested he might reduce tariffs on China to facilitate a deal regarding TikTok’s ownership.
ByteDance must sell TikTok to a non-Chinese buyer by Apr. 5 or face a US ban due to national security concerns.
Trump indicated he may extend the deadline and offer tariff reductions to encourage a resolution.
TikTok, used by nearly half of the US population, was temporarily banned in January, but Trump delayed enforcement until Apr. 5.
Vice president JD Vance expressed optimism about meeting the deadline, while the White House remains actively involved in negotiations.
Recent ByteDance developments
| Timeline |
|---|
12-Mar-2025 🚀 ByteDance improves AI training efficiency with new system
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05-Mar-2025 💼 ByteDance to buyback US employees’ shares at $312b valuation
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23-Feb-2025 📈 ByteDance valued over $400b by major investors
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19-Feb-2025 🤖 ByteDance names ex-Google exec as AI research head
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| 13-Feb-2025 ⚖️ ByteDance ordered to pay $11.3m over code plagiarism |
