Trump is really going all out for TikTok! He actually wants to lower tariffs to make this deal happen. Will China buy it?

This time he is really putting in a lot of effort, throwing away the big stick of tariffs and directly replacing it with an olive branch. Trump said on Wednesday that to protect TikTok's business in the US, he is willing to lower tariffs on Chinese goods by 20%! This is simply astonishing, especially since just a few days ago he mentioned increasing taxes on global car imports. He confidently stated in the office: "Those tariffs are nothing compared to TikTok. I might give China some benefits and get this done!"

The current situation is that TikTok, the short video app, is wildly popular in the US with 170 million users. Trump initially wanted to ban it, but now treats it as a treasure. It is said that a rough plan for the deal will be announced next week.

However, this is not something Trump can decide alone. The deadline set by Biden on April 5 is approaching, and while Trump has pulled TikTok back from the brink, negotiations are still ongoing. Several companies and consortiums are vying for TikTok, with some offering $20 billion, others $30 billion, and some proposing mergers—even Oracle wants to get involved. But the most important factor is still the algorithm, which everyone is competing for.

This deal will also depend on the attitudes of ByteDance and the Chinese government. Although Trump claims he can handle it and extend the deadline, who will actually win this bidding war is still uncertain.

Currently, both the US and China are in a tug-of-war to see who can come out on top. Trump's shift from wanting to ban TikTok to wanting to save it is not only to woo young voters but also to use it as a bargaining chip in trade. But will China relent over these tariffs? The ownership of the algorithm is a major issue, and whether this deal can succeed concerns many factors.

In this 90-day sprint, who will win? The US or China? The suspense is still great! To find out the outcome, follow us and watch this storm of a deal unfold!