Trump said he may reduce tariffs on China to encourage a deal that would result in ByteDance divesting TikTok’s U.S. operations, according to CNBC. He noted that China is going to have to play a role in approving any sale and suggested a tariff cut could help. Trump signed an executive order in January extending the deadline for the deal to April 5. He has said the U.S. should retain a 50% stake in TikTok. Trump added the deadline might be extended again if needed.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump said he made reduced tariffs on China to encourage a deal that would result in a bite dance
00:06divesting TikTok's U.S. operations, according to CNBC.
00:10He noted that China is going to have to play a role in approving any sale,
00:14suggesting a tariff cut could help.
00:16Trump signed an executive order in January extending the deadline for the deal to April 5th.
00:21He said the U.S. should retain a 50 percent stake in TikTok.
00:24Trump added the deadline might be extended again if needed.
00:27For all things money, visit Benzinga.com slash GSTV.