ToplinePresident Donald Trump told reporters Wednesday a deal to save TikTok from a ban in the U.S. is still “on the table,” making the announcement shortly after he raised tariff rates against China,

President Donald Trump is holding a meeting with aides about possible investors who could buy a stake in TikTok, a deal that could potentially stop the social media site from being banned in the United States.

China reportedly backed out of a deal to sell TikTok to U.S. investors a day after President Donald Trump announced wide-ranging global tariffs.

In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

President Trump said he “can’t imagine” increasing tariffs on China beyond the 125% he has imposed. “I can’t imagine it,” Trump said from the Oval Office Wednesday. “I don’t think I’ll have to do it.”

China is reaching out to other nations as the U.S. layers on tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat

As U.S. President Donald Trump trades tariff threats with Beijing, Chinese-American business owners in California say they're feeling squeezed. Importer Taylor Chao says that pain will be passed on to the restaurants and retailers that he sells ingredients to.

Trump on Wednesday said an agreement on TikTok remains "on the table," even as his trade policy appears to be pushing Beijing further away from negotiations.

Chinese exporters scrambled to respond to crushing US tariffs by hiking prices, cancelling shipments and rerouting goods to other countries, as the world’s two biggest economies brace for economic divorce.