U.S. President Donald Trump said on Wednesday he would be willing to reduce tariffs to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans.
TikTok parent firm ByteDance has an April 5 deadline to find a non-Chinese buyer for the short video app.
Otherwise it will face a U.S. ban over national security concerns.
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TikTok parent firm ByteDance has an April 5 deadline to find a non-Chinese buyer for the short video app.
Otherwise it will face a U.S. ban over national security concerns.
Read more at https://tinyurl.com/4wkym2w7
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00On the deadline for the TikTok sale, will you extend that deadline if you don't have
00:04a deal?
00:05Do you support Oracle?
00:06Well, we will have a form of a deal.
00:07TikTok is very popular, very successful, very good.
00:11We're going to have a form of a deal.
00:13But if it's not finished, it's not a big deal.
00:15We'll just extend it.
00:16I have the right to have the deal and to extend it if I want.
00:21So we'll see whether or not we have a deal.
00:23We have a lot of interest in TikTok.
00:24Is there a way for a U.S. company to operate it and ByteDance to still have a share of
00:28the algorithm?
00:30There are numerous ways you can buy TikTok, and we will find the one that's best for the
00:34country, for our country.
00:35I'm worried about our country more than anything else with respect to TikTok.
00:41And China is going to have to play a role in that, possibly, in the form of an approval,
00:47maybe.
00:48And I think they'll do that.
00:49Maybe I'll give them a little reduction in tariffs or something to get it done, you know,
00:55because every point in tariffs is worth more money than TikTok, if you think.
01:00Every point.
01:01Tariff is a much bigger world, and TikTok is big.
01:04But every point in tariffs is worth more than TikTok.
01:07So in order to get China to do it, maybe I'd give them a reduction in tariffs, as an example.
01:14Sounds like, sounds like something I'd do.
01:16Do you think those tariffs are going to be good for Tesla, sir?
01:19Good for who?
01:20Tesla.
01:21Which makes it...
01:22Well, he makes, he is a fantastic Tesla.