<p>Washington: US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> on Thursday 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.</p><p>"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.</p><p>"So, I may not want to go higher or I may not want to even go up to that level. I may want to go to less because you know you want people to buy and, at a certain point, people aren't gonna buy."</p><p>Trump's comments further pointed to a diminished appetite for sharply higher across-the-board tariffs on dozens of countries after markets reacted violently to their introduction on April 2.</p><p>The Republican president slapped 10 per cent tariffs on most goods entering the country but delayed the implementation of higher levies, pending negotiations.</p><p>Still, he hiked rates on Chinese imports, now totaling 145 per cent, after Beijing retaliated with its own counter-measures. Last week, China said "will not respond" to a "numbers game with tariffs," its own signal that across-the-board rates would not rise further.</p>.US taking in $2 billion a day from tariffs, says Donald Trump . <p>Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal.</p><p>While the two sides are in touch, sources told Reuters that free-flowing, high-level exchanges of the sorts that would lead to a deal have largely been absent.</p><p>Speaking with reporters, Trump repeatedly declined to specify the nature of talks between the countries or whether they directly included Chinese President Xi Jinping.</p><p>Trump has repeatedly extended a legal deadline for China-based ByteDance to divest the US assets of the short video app used by 170 million Americans. On Thursday, he said a spin-off deal would likely wait until the trade issue is settled.</p><p>"We have a deal for TikTok, but it'll be subject to China so we'll just delay the deal 'til this thing works out one way or the other," Trump said.</p>
<p>Washington: US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> on Thursday 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.</p><p>"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.</p><p>"So, I may not want to go higher or I may not want to even go up to that level. I may want to go to less because you know you want people to buy and, at a certain point, people aren't gonna buy."</p><p>Trump's comments further pointed to a diminished appetite for sharply higher across-the-board tariffs on dozens of countries after markets reacted violently to their introduction on April 2.</p><p>The Republican president slapped 10 per cent tariffs on most goods entering the country but delayed the implementation of higher levies, pending negotiations.</p><p>Still, he hiked rates on Chinese imports, now totaling 145 per cent, after Beijing retaliated with its own counter-measures. Last week, China said "will not respond" to a "numbers game with tariffs," its own signal that across-the-board rates would not rise further.</p>.US taking in $2 billion a day from tariffs, says Donald Trump . <p>Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal.</p><p>While the two sides are in touch, sources told Reuters that free-flowing, high-level exchanges of the sorts that would lead to a deal have largely been absent.</p><p>Speaking with reporters, Trump repeatedly declined to specify the nature of talks between the countries or whether they directly included Chinese President Xi Jinping.</p><p>Trump has repeatedly extended a legal deadline for China-based ByteDance to divest the US assets of the short video app used by 170 million Americans. On Thursday, he said a spin-off deal would likely wait until the trade issue is settled.</p><p>"We have a deal for TikTok, but it'll be subject to China so we'll just delay the deal 'til this thing works out one way or the other," Trump said.</p>