Business

Trump Claims China's Displeasure Over TikTok Bill Amidst Escalating Trade Tensions

Trump's Stance on TikTok Bill and China's Reaction

United States President Donald Trump has openly suggested that China is "not exactly thrilled" about the pending TikTok legislation. His remarks, made from the Oval Office, highlight the ongoing tensions between the two economic powerhouses.

Criticism of Chinese Trade Practices

Trump reiterated his critical view of China's trade practices, accusing the country of having "ripped off" the US for years. He labeled China as "the big one" among nations engaging in unfair trade, pointing to the significant tariffs China currently imposes.

Recent Tariff Increase

Highlighting his administration's actions, Trump mentioned his decision to increase tariffs on China to 125%, a move he justified by citing Beijing's disregard for global market norms. This decision underscores the escalating trade war between the two countries.