Trump signals tit-for-tat China tariffs may be near end; TikTok deal on ice

President says U.S. tariffs on Chinese goods may be lower than previously touted

U.S. President Donald Trump said on April 17 that China has reached out to talk after new tariffs were imposed on goods from the Asian country. © Reuters

April 18, 2025 06:34 JST

Updated on April 18, 2025 09:13 JST

WASHINGTON (Reuters) -- U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.

"I don't want them to go higher because at a certain point you make it where people don't buy," Trump told reporters about tariffs at the White House.