Trump added that every cent of duty brings more to the states than TikTok. However, if it helps make a good deal, why not.

America may ease duties on Chinese goods if the deal to sell social network TikTok is successful, US President Donald Trump has said.

He noted that he would reduce duties slightly to make this happen.

Trump added that every percent of duty brings more to the states than TikTok. However, if it helps to make a good deal, why not, the White House leader said.

According to the American leader, a deal with TikTok “would be in the best interest of the United States.” Trump emphasized that he has the opportunity to extend the deadline for its conclusion if he wants.

Earlier it was reported that the US introduces duties on cars assembled outside the country.

Author: Наталья Чудесатова

French President Emmanuel Macron appealed to the European business community to suspend the implementation of new investment projects in the United States in response to the protectionist trade policy pursued by the administration of Donald Trump and expressed in the introduction of customs duties on imports of goods from the European Union. This is reported by the Bloomberg agency.

“It is crucial that future investments, as well as investment projects that have been announced in recent weeks, be temporarily frozen until we reach clarity in relations with the United States of America,” Macron said at a meeting with representatives of the sectors of the European economy most affected by the trade measures taken by the White House.

According to the French leader, the continuation of large-scale investment in the U.S. economy under the current trade restrictions may adversely affect the competitiveness of European companies and undermine their position in the global market.

Macron also said that the European Union is currently considering various options to respond to U.S. actions, including the introduction of mirror duties and the use of other mechanisms of economic pressure.

Meanwhile, the fortunes of the richest billionaires fell by 3.3% after Trump imposed the duties, and Vance said the main threat to Europe is its internal problems.

Author: Наталья Чудесатова