• President Trump expressed hesitation about escalating tariffs on China, suggesting a potential willingness to lower them to avoid hindering trade and consumer purchases, despite the current high levels of dueling tariffs between the two countries.
• He acknowledged that high-level Chinese officials, whom he considers to represent President Xi Jinping, have repeatedly initiated contact to negotiate a trade deal encompassing concessions and the sale of TikTok's US assets, although direct contact between Trump and Xi remains unconfirmed.
• Trump indicated that the progress of a TikTok deal, involving ByteDance Ltd. divesting its US operations, is contingent upon China's approval and that tariff adjustments could be discussed as part of a broader trade agreement.
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