The social media app could shut down on April 5 unless it is sold to a new non-Chinese owner. Mr. Trump issued an order delaying the enforcement of a federal ban, and told reporters he could extend that delay,

U.S. President Donald Trump said on Wednesday he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans.

The Trump administration is planning to impose a round of fresh tariffs on April 2, a day President Trump has dubbed "liberation day." The announcement is viewed by economists as the culmination of his "America First Trade Policy," an executive order he signed on his first day in office aimed at revitalizing U.S. manufacturing.

Tariff news has led to a volatile stock market over the past few months, but retail investors have been happy to use that as an excuse to buy the dip.