Shortly after announcing that it would increase the prices on imports from China by 104% to 125%, President Donald Trump said that a tiktok agreement with China was still “on the table”.
“Obviously, I would say at the moment, China is not exactly delighted to sign it,” said Trump in the oval office on Wednesday, when asked where the tiktok agreement takes place in the light of the new prices on China.
“We have an agreement with very good people, very rich companies, who would do a great job with this, but we will have to wait to see what will happen with China,” he said.
“It’s on the table,” he added. “I think China will want to do it, in fact.”
In recent weeks, Trump has repeatedly said that he was getting closer to an agreement with China for the sale of the social media platform, which Chinese company Bytedance has.
He also said that prices are a negotiation strategy to ensure that China Cave and that it would reduce prices for the country if it accepted an agreement.
“We had an almost agreement for Tiktok – not an agreement but quite close – then China changed the agreement because of the prices,” Trump told journalists on Air Force One on Sunday, one day after having increased the prices on China to 54%.
“If I gave a small reduction in prices, they would approve this agreement in 15 minutes, which shows you the power of the prices,” he added.
He extended the deadline for Tiktok, which was to end on April 5, in 75 days. It was the second time that he extends the deadline, having done it once when he came into office for the first time in January.
Trump’s statements on China and Tiktok intervened after announcing a large tour on his multitude of reciprocal rates on 185 countries on Wednesday, writing on the social Truth that 90 -day measures.
Meanwhile, the White House said that all prices on countries, except China, would temporarily be lowered to 10%.
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Turme triktok
American legislators have sought to force Byédance to sell Tiktok to fear that the Chinese company be forced by Beijing to give access to data from American users and images published on its application. The application is temporarily out of the service in the United States in January where it could not comply with the deadline established by the congress, but Trump has shown that he thinks that the application should have a second chance to stop.
As for the history of the president with prices on China, the strategy dates back to its first administration. In early 2018, it initially imposed import taxes between 10% and 25% on certain goods such as aluminum, solar panels and steel.
The rights were then extended to cover for $ 200 billion with Chinese products and, as Beijing retaliated with its own prices, the two parties finally signed a tense “phase” agreement. He cooled, but not most of the restrictions.
Biden administration continued with Trump pressure on China, widely targeting the electric vehicle industry.
All of this is widespread in aggravation tensions, which continued to skyrocket since Trump imposed an additional 20% rate on all Chinese products in March. The White House has spent the last six weeks stacking additional tasks to reach 125% on Wednesday.
China, increasingly in the running to be a world competitor in the United States, continuously responded by announcing its own taxes to worsen quickly. On Tuesday, Beijing said a price of 84% on American products in response to the previous announcement of 104% of the United States.
Representatives of Trump and the Chinese embassy in Washington, DC, did not respond to a request for comments to Business Insider.
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