U.S. President Donald Trump and Chinese President Xi Jinping to address potential TikTok deal and US-China trade negotiations
In a significant development, US President Donald Trump is set to speak with Chinese leader Xi Jinping on Friday, marking the second call between the two heads of state since Trump returned to the White House. This conversation could provide insights into a potential meeting to finalise a deal aimed at ending the ongoing trade dispute between the two nations.
One of the key topics of discussion is likely to be TikTok, the popular video-sharing app. Trump has extended the deadline for TikTok to be spun off from ByteDance for the fourth time, indicating that deals on both TikTok and trade are close to being finalised.
The US government or a designated independent trust entity is expected to act as the trusted party to oversee the use of TikTok's intellectual property, including its proprietary algorithm, to ensure the security of US user data. This move addresses concerns raised by US officials over the algorithm, which has been a point of contention due to its role in determining what viewers have been watching.
Chinese officials and TikTok have agreed on entrusting a partner with handling US user data and content security, which is a significant step towards resolving the issue. However, many other issues remain unresolved in the ongoing trade dispute between the two countries.
The extension of the deadline for TikTok is a requirement for the app to keep operating in the US under a law passed last year. Trump has stated that TikTok 'has tremendous value' and the US 'has that value in its hand because we're the ones that have to approve it.'
Meanwhile, TikTok and Instagram have been accused of pushing suicide-related content to teens. The EU court has temporarily put Meta's online platform supervisory fees on hold, possibly in response to similar concerns.
For more in-depth analysis on the potential implications of TikTok's future, read our article titled 'RecessionIndicators: Is there truth behind the TikToks?'
Four rounds of trade talks between May and September have been held between top US and Chinese officials. Trump has expressed willingness to negotiate trade deals with Beijing, notably for TikTok. However, the Chinese Embassy in Washington has not confirmed the call or any upcoming summit between the leaders.
As the conversation between Trump and Xi unfolds, the world awaits news of a potential breakthrough in US-China relations, with implications for both TikTok's future in the US and the resolution of the ongoing trade dispute.
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
