On his first day in office, US President Donald Trump followed through on his campaign promise to delay a controversial TikTok divest-or-ban law by signing an executive order and warning that he would impose significant tariffs on China if Beijing failed to approve a deal regarding the app.
“I may not do the deal. I may do the deal. TikTok is worthless, worthless. If I don’t approve it, it has to close. I learned that from the people that own it,” Trump said on Monday.
“With TikTok, I have the right to either sell it or close it, and we’ll make that determination … We may have to get an approval from China too, I’m not sure, but I’m sure they’ll approve it,” he added.
Trump extended deadline by 75 days, threatening tariffs on China if Beijing did not approve a deal regarding the app. (With inputs from SCMP)
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