President Donald Trump blasted China for retaliating against his sweeping tariff plan and vowed his economic policies “will never change,” as the prospect of a trade war wreaked more havoc on the global economy.
The U.S. tariffs on transshipment countries like Vietnam and Cambodia are so steep that they could force a major reassessment of global supply chains.
The White House was nearing a TikTok deal, but China halted the agreement after Trump announced wide-ranging tariffs, a source told AP.
The administration is trying to head off painful retaliatory measures, forcing big trading partners to decide whether fighting is worth it.
A deal to spin off TikTok's U.S. operations was put on hold after the Chinese government indicated it would not approve the deal following President Donald Trump's tariffs announcements, Reuters reported Friday.
President Donald Trump remains firm in his support for his tariff agenda, claiming China has been "hit much harder" than the U.S.
The president had initially given China’s ByteDance until Saturday to sell or divest its U.S. TikTok business. The company now has 75 additional days.
President Donald Trump announced on Friday that he will again postpone enforcement of the TikTok sale-or-ban law for 75 days. The delay comes after Trump’s tariff announcement derailed a deal that had been set to transfer control of the app’s US operations to American ownership,
President Donald Trump signed an executive order around TikTok’s compulsory sale as China retaliated to his tariffs by matching them and further escalating the trade war. TikTok’s Chinese parent company,