Trump and Xi Jinping to discuss TikTok and trade via a phone call
U.S. President Donald Trump and Chinese President Xi Jinping will have a telephone conversation on September 19 at 4:00 PM Kyiv time, marking the first conversation between the leaders since June.
The main topic of the conversation will be the TikTok deal, with the leaders expected to discuss a framework agreement that would involve transferring control of TikTok's U.S. operations from Chinese company ByteDance to a consortium of U.S. investors. The consortium includes notable involvement from Oracle and Walmart.
The exact impact of the TikTok deal on U.S.-China relations is not specified in this paragraph. However, Trump believes that TikTok has helped him gain the favor of young voters.
Broader trade relations between Washington and Beijing will also be discussed, with the possible purchase of Boeing aircraft by China and trade restrictions affecting the tech sector, particularly those on U.S. chipmaker Nvidia, set to be covered. Chinese authorities are putting pressure on local companies to boycott Nvidia's products.
Nvidia is seeking to ease export restrictions on the sale of AI chips to China. Trump, who previously criticized TikTok, now emphasizes that the app brings "huge money" to the U.S.
The conversation could potentially pave the way for a personal meeting between the leaders. Broader geopolitical issues, such as the war in Ukraine, conflicts in the Middle East, and escalations in the South China Sea, are also expected to be discussed.
This article is sourced from Bloomberg. The conversation is scheduled for 9:00 AM Washington time or 9:00 PM Beijing time.
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