“My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump wrote on Truth Social Friday.
Trump continued to say that U.S. officials hoped to continue negotiations with China, “who I understand are not very happy about our Reciprocal Tariffs.”
Trump appeared to suggest that his “reciprocal tariff” policy, which placed a baseline 10 percent tariff on nearly every country in the world, was some kind of chip in negotiations over TikTok’s parent company, Beijing-based ByteDance. In 2024, Congress passed a law that required the firm to sell TikTok’s U.S. operations to a non-Chinese owner, or see it banned in the U.S. Trump has now swooped in twice to rescue the app from going dark (after putting it on Congress’s radar in the first place).
In 2024, the U.S. imported $438.9 billion worth of Chinese goods, and China imported $143.5 worth of American goods, according to the U.S. trade representative.
Trump previously signed an executive order in January to keep the app running for U.S. users for 75 days, “to permit my Administration an opportunity to determine the appropriate course of action with respect to TikTok.” The grace period was set to expire Saturday, April 5.
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