TikTok against a reduction in customs duties on Chinese electric cars: On Wednesday evening, March 26, Donald Trump suggested that he was ready to grant China "a small reduction" in customs duties, if TikTok's parent company agreed to sell its social network to American interests. Beijing's response was swift: it's no, reports AFP, this Thursday, March 27.
As of April 2, the customs duties announced by Donald Trump on cars imported into the country will come into effect. While for the European Union it's 25% more, for China the figure is rising steadily. Chinese electric vehicles sold in the United States will be taxed at 125%: a level that could be reduced if ByteDance, the parent company of TikTok, agrees to sell its social network in the country, Donald Trump declared from the Oval Office. Four candidates are currently in the running, according to the American president.
Beijing has already "expressed its position to several times"
"China is going to have to play a role, they're possibly going to have to approve it, and if they do, maybe I'll give them a little bit of a tariff break," he said, as quoted by our colleagues. The Chinese platform must sell its American operations by April 5, or face being banned in the United States, according to a law passed in April 2024 in the name of national security. If Donald Trump had offered the company Although the Chinese government has given the property a reprieve, giving it until April 5 to find a buyer, this deadline could be extended, the White House tenant suggested. "I have the right to extend it if I wish," he said.
But a few hours later, the axe fell. For Guo Jiakun, spokesperson for the Chinese Ministry of Foreign Affairs, Beijing has already "expressed its position several times." Understand: there is no question of selling this asset to anyone.
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