On the recordJuly 20, 2025
If you're willing to open yourself up and really open your economy to American business... then, of course, we will make a better deal with you.
Said by
Howard Lutnick
Source
cbsnews.comEditor's note · Context
Commerce Secretary on trade negotiations strategy.
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If that deal gets approved by the Chinese, then that deal will happen. If they don't approve it, then TikTok is going to go dark.
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So we’ll deliver the money which was already committed under the Biden administration. We’ll get equity in return for it, get a good return for the American taxpayer instead of just giving grants away.