US President Donald Trump has proposed a new trade deal with China, including tariffs on the social media app TikTok. The move comes as tensions between the two nations remain high amid ongoing trade disputes.
The plan would target Chinese tech companies, including those involved in the production of TikTok, which is owned by the Chinese firm ByteDance. Trump has made it clear that he views TikTok as a threat to national security and wants to force the app to be sold or shut down in the US.
Critics argue that this move would have unintended consequences, such as stifling competition and innovation in the tech industry. Others point out that China’s economy is already showing signs of slowing down, making it less likely that Beijing will accept new trade restrictions.
As the negotiations unfold, Trump’s support for TikTok tariffs deal raises questions about his broader approach to trade policy and its potential impact on global markets. The US President has a history of making bold statements, but this latest move may be more complicated than he initially let on.
Source: https://www.investors.com/news/trump-tariffs-tiktok-ban-us-china-deal-nvidia-ai-chip-war