US President Donald Trump on Thursday (April 17) signaled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.
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00:00Very good talks yesterday with Mexico. Talking with everybody, you know, the problem is it's only so many hours in the day.
00:07I have a very good relationship with President Xi, and I think it's going to continue.
00:11And I would say they have reached out a number of times.
00:17Xi or they?
00:18Well, the same. I view it very similar. It would be top levels of China.
00:22And if you knew him, you would know that if they reached out, he knew exactly, he knew everything about it.
00:28He runs it very tight, very strong, very smart. And, yeah, we're talking to China.
00:34Did he call you directly, President Xi, or reached out? Did he both take a conversation?
00:39Well, you'd think it was pretty obvious that he has, but we will talk about that soon.
00:45It's not that important because, honestly, we're going to have a deal.
00:49I believe we're going to have a deal with China. And if we don't, we're going to have a deal anyway,
00:54because we're going to set a certain target and that's going to be it.
00:57You previously said that you would consider reducing tariffs on China to get a Tic-Tac deal done.
01:02Is that still on the table as of now?
01:04Well, we have a deal for Tic-Tac, but it will be subject to China,
01:07so we'll just delay the deal until this thing works out one way or the other.
01:10If they say —
01:11And I think it's a good deal for China. The Tic-Tac deal is very good.
01:15Tic-Tac is good for China. And I think they'd like to see us do a deal,
01:19especially the deal that we have pretty much done with some of the best companies in the world.
01:23If they agree to sign the deal, would you take that into consideration?
01:27I think it would be something we discuss because, you know, it's a natural.
01:30If we're making a deal, I guess we'll spend five minutes to talk about Tic-Tac.
01:35It wouldn't take very long.
01:36Thank you very much, everybody.
01:37Thank you, Fred!
01:38Thank you, Fred.
01:39Thank you for having me.