Trump Considers Tariff Reduction for TikTok Deal Amid Ban Controversy

Former President Trump indicated a willingness to reduce tariffs to finalize a deal regarding TikTok. This statement came during a press conference on Wednesday, amidst ongoing concerns about TikTok's parent company, ByteDance, and its ties to the Chinese Communist Party. Despite a ban initially taking effect on January 19, Trump extended the deadline for divestiture to April 5. TikTok expressed gratitude for the clarity provided regarding potential penalties for service providers. Trump, who joined TikTok during his campaign and amassed over 14 million followers, stated he has "good experience" with the platform. TikTok challenged the ban legally after President Biden signed it into law, but the Supreme Court upheld the Protecting Americans from Foreign Adversary Controlled Applications Act.