Could a TikTok deal really change trade tariffs with China

President Trump proposed tariff reductions on Chinese goods in exchange for cooperation on a deal regarding TikTok, as the April deadline approaches. He suggested that the current 20% tariff could lower if it aids in resolving the TikTok sale. TikTok must find a new owner or face a potential ban; the deadline was initially set for January but extended to April 5. Various parties, including Kevin O'Leary and Frank McCourt, have expressed interest in purchasing TikTok, with an offer of $20 billion. Analysts estimate TikTok's value at over $100 billion due to its large user base of 170 million in the U.S. A ban on TikTok could impact U.S. small businesses and creators, leading to potential revenue losses exceeding $1 billion within a month. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.