China on Wednesday said that any deal for TikTok had to comply with Chinese law, reiterating an earlier stance when asked about U.S. President Donald Trump's move to extend the deadline for the TikTok sale by 75 days.

ToplinePresident Donald Trump told reporters Wednesday a deal to save TikTok from a ban in the U.S. is still “on the table,” making the announcement shortly after he raised tariff rates against China,

The future of the popular video app is now at the center of a geopolitical tussle between Washington and Beijing.

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.

China says the U.S. is using tariffs to "seek selfish gains." President Donald Trump defended the tariffs he imposed on trading partners but acknowledged some problems in a meeting with his Cabinet on Thursday.