Trump tariffs in 2016 sent a glut of cheap Chinese imports, originally intended for the US, into South East Asia, hurting many local manufacturers. But they also opened new doors for other businesses, often into global supply chains that wanted to cut their dependence on China.

Trump added he would delay a deal on TikTok until the trade issue with China is worked out. He told reporters U.S. tariffs on Chinese goods might not go higher and may even go lower.