President Donald Trump has said that tariffs on China could hinge on a deal over TikTok’s ownership, as he signed an executive order to keep the popular short-form video platform online in the US for 75 days.
Within hours of his inauguration on Monday, Trump postponed a deadline requiring TikTok’s Chinese parent company ByteDance to sell its stake in the app or face a ban in the country.
Trump argued that the US “should be entitled to get half of TikTok” if the app continued operating beyond that cut-off and that he could “certainly” impose tariffs on China if it rejected a deal, which he said would be a “hostile act”.
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