U.S. President Donald Trump indicated a potential end to the tit-for-tat tariff escalation between the U.S. and China may be nearing its end. He also signaled that the deal over fate of social media app TikTok may have to wait.

President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still "on the table" days after it was put on hold. Several U.S. Senators have criticized the proposed deal,