President Donald Trump has suggested he may reduce tariffs on China to facilitate a deal with TikTok's Chinese parent company Bytedance to sell its US operations.
“With respect to TikTok, and China is going to have to play a role in that, possibly in the form of an approval, maybe, and I think they’ll do that. Maybe I’ll give them a little reduction in tariffs or something to get it done,” Trump told reporters on Wednesday.
TikTok has until April 5 to find a non-Chinese buyer for the popular video-sharing app, which is used by approximately 170 million Americans.
Trump has said he is willing to extend the April 5 deadline for finding a non-Chinese buyer for TikTok.
The president has also previously threatened to impose additional import duties on China if it failed to approve a TikTok transaction.
Earlier this month, Trump increased tariffs on all imports from China to 20%, up from 10% imposed in February. China has responded with its own tariffs.