U.S. President Trump and Chinese leader Xi expected to conclude TikTok transaction
The future of TikTok in the United States has been a topic of discussion since January, when a federal law was enacted to address national security concerns about the Chinese ownership of the popular video-sharing app. The law requires TikTok to find a non-Chinese owner to avoid a ban in the United States.
The purpose of the proposed deal is to separate TikTok from its Chinese owner, ByteDance, and avoid a potential ban of the app in the US. The confirmation call about the deal is expected to take place outside the White House, during a phone call between President Trump and China's top leader, Xi Jinping, on Friday.
President Trump stated that he has reached a deal on TikTok, but no Chinese leader has officially signed a contract to separate TikTok from ByteDance. The deadline for TikTok to find a non-Chinese owner has been extended by Mr. Trump four times.
The national security concerns about TikTok's Chinese ownership include potential propaganda spreading and data collection about Americans. The federal law was enacted to address these concerns and ensure the protection of American data.
The expected discussion between the two leaders involves confirming the outline of a deal regarding TikTok. The details of the deal are yet to be finalized, but it is expected to be a significant development in the ongoing saga of TikTok's ownership change.
The statement about the phone call between the leaders was made by President Trump to reporters on Tuesday. The Chinese state-run news agency also released a statement about the phone call, but the details of the conversation have not been disclosed.
The confirmation call is intended to finalize the details of the deal regarding TikTok and bring clarity to the future of the app in the United States. The outcome of the call could have significant implications for TikTok, its users, and the broader tech industry.
Stay tuned for more updates as the situation develops.
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