U.S. President Trump engages in a conversation with China's President Xi Jinping
In a series of significant developments, President Donald Trump and Chinese President Xi Jinping have been engaged in discussions that span various topics, including the future of TikTok in the USA.
During a phone call on Friday, the leaders described their conversation as 'very good' and 'very productive.' The discussion covered trade, the ongoing war in Ukraine, and the controversial TikTok deal.
President Trump stated that young people in the U.S. wanted TikTok to remain open, and he expressed his belief that China also desired to keep the popular social media app operational. Reports suggest that negotiations between Washington and Beijing are underway, with China's President Xi allegedly agreeing to a deal involving TikTok's future in the USA.
The proposed deal includes the creation of a new U.S. entity to operate TikTok, with American investors holding a roughly 80% stake. However, the exact ownership details of the new TikTok entity, which will assume the remaining stake, remain unclear.
Meanwhile, President Trump signed an executive order extending the deadline on the US TikTok ban until December 16th. The European Union, on the other hand, rolled out its 19th sanctions package against Russia, aiming to end Russian liquified natural gas imports by early 2027.
In other news, President Trump has refrained from imposing secondary tariffs on China, which is the largest purchaser of Russian oil. This decision could potentially ease tensions between the two global powers.
Looking ahead, President Trump plans to visit China in the early part of next year, while President Xi also plans to visit the United States at an appropriate time. The leaders agreed to meet in person, with the APEC Summit in South Korea being a potential location.
The APEC Summit, scheduled to take place in South Korea, is set to be a significant event in the global political calendar. No specific date has been announced for the meeting between the two leaders, but the anticipation is growing.
As these events unfold, the world watches with bated breath, eager to see how these developments will shape the future of relations between the USA and China, and the global landscape as a whole.
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