Trump Teases Tariff Deadline Decision, Mystery TikTok Buyer

President Donald Trump appeared to tease that he does not plan to increase the July deadline for different nations to achieve offers with the USA earlier than his “Liberation Day” tariffs go in to put, whereas additionally teasing a possible TikTok purchaser forward of its upcoming deadline for a sale.

Trump had beforehand applied a 90-day extension on his tariffs in April and has reached agreements with a number of nations, together with the UK, and mentioned final week that he could be versatile on the deadline with the remaining, however appeared to alter course throughout a pre-taped interview for FOX Information‘ Sunday Morning Options.

“It’s so easy, we’re sending letters out. I’d moderately do it now. We made offers. However I’d simply moderately ship them a letter — a very reasonable letter — saying, ‘Congratulations, we’re going to assist you to commerce in the USA of America,” Trump mentioned. ” ‘You’re going to pay a 25 % tariff or 20 % or 40 or 50 %.’ I’d moderately try this.”

Trump set a deadline for July 8 and July 9 for Europe, particularly, to achieve a take care of the U.S. earlier than going through 50% tariffs.

“I don’t suppose I’ll have to as a result of I might, no huge deal,” Trump mentioned when requested by FOX Information about whether or not he’d prolong the July deadline for a tariff deal.

The president then in contrast the tariff extension to the 90-day extension on the demand that the TikTok’s Chinese language-owned guardian firm ByteDance promote the social media platform, claiming “we’ve got a purchaser.”

“It’s like TikTok. I’m extending that, you understand, however no huge, we’ve got a purchaser for TikTok, by the best way,” Trump mentioned, claiming the group of consumers was comprised of “very rich buyers” trying to purchase the U.S. model of the app. “I believe I’ll want most likely China approval, and I believe President Xi will most likely do it. Who’s the customer? I’ll let you know in about two weeks.”