President Trump has postponed the deadline for the sale of TikTok, a Chinese-owned app, by 75 days, primarily in response to recent tariffs imposed by China on U.S. goods. This decision aligns with his administration's ongoing efforts to negotiate a deal that would keep TikTok operational in the U.S. as they seek necessary approvals. Trump emphasized a desire to work with China and highlighted the importance of tariffs as a strategic economic tool, asserting that maintaining TikTok is crucial for national security.
Trump announced the decision hours after China issued retaliatory tariffs in response to his 'Liberation Day' salvo of reciprocal levies - signaling defiance in the face of Trump's offering of lower duties if Beijing parts with the app.
My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress.
We do not want TikTok to 'go dark.' We look forward to working with TikTok and China to close the Deal.
This proves that Tariffs are the most powerful Economic tool, and very important to our National Security!
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