Within hours of his inauguration on Monday, Trump postponed a deadline requiring TikTok’s Chinese parent company ByteDance to sell its stake in the app or face a ban in the country. Trump argued that the US “should be entitled to get half of TikTok ” if the app continued operating beyond that cut-off and that he could “certainly” impose tariffs on China if it rejected a deal,

Beijing said Tuesday it hopes for cooperation with Washington to resolve trade issues, after US President Donald Trump began a second term during which he has threatened to slap biting tariffs on the manufacturing giant.