Unconfirmed rendezvous: Is Xi Jinping set for an autumn encounter in South Korea with Trump?
During a phone call on Friday, US President Donald Trump and Chinese President Xi Jinping discussed a range of issues, including trade, fentanyl, ending the war between Russia and Ukraine, and TikTok. However, the call did not result in any official announcement regarding the future of the popular social media app.
The call between the two leaders did not provide any new information about the status of trade negotiations between the US and China. Xi Jinping expressed a cautious tone during the conversation, while Trump expressed optimism about the progress made on many important issues.
Regarding TikTok, it is unclear whether a binding agreement on its future was reached during the call. Trump had earlier this week claimed that a deal had been reached, but on Thursday, he only said it appeared China had agreed. Xi Jinping stated that China's position on TikTok is clear: the Chinese government respects the will of companies.
Currently, TikTok is controlled through a deal in which six out of seven board seats are held by Americans, ByteDance retains 19.9% of the shares, and Oracle manages the user data and algorithm, ensuring US control over these critical aspects. Chinese shareholders hold the remaining 20%.
Trump and Xi agreed to speak again to assess the TikTok approval. The meeting between the two leaders will also take place at the Asia-Pacific Economic Cooperation (APEC) summit this fall in South Korea, as well as early next year in China, as announced by Trump on his Truth Social platform. Xi Jinping is expected to visit the US at a later date, as announced by Donald Trump.
However, the call did not discuss any specific measures to address the fentanyl crisis, and Trump did not provide any details about the progress made on ending the war between Russia and Ukraine or TikTok's approval during the call.
In conclusion, while the call between Trump and Xi provided some optimism about the future of US-China relations, the future of TikTok remains uncertain. The two leaders will continue their discussions in the coming months to determine the fate of the popular social media app.
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