US President Donald Trump has announced a 54% tariff on China, targeting companies such as TikTok, which has been at the center of a contentious ban-or-sale debate in the US. The tariffs also affect Indian and Vietnamese manufacturers that produce iPhones for Apple.
The move is likely to further exacerbate tensions between the US and China, with no clear timeline set for a decision on TikTok’s future in the US market.
Source: https://www.bloomberg.com/news/newsletters/2025-04-03/trump-maneuvers-for-a-tiktok-deal-while-china-waits-silently-off-stage