- The Congress ordered Tiktok to close for American users.
- Tiktok treats to transfer assets from the platform to American owners.
- Us Tiktok to always use the Bytedance algorithm: Sources
Washington: President Donald Trump and Chinese President Xi Jinping will seek an agreement on Friday to help keep the tiktok video application online in the United States and facilitate tensions between two superpowers locked up in a trade confrontation.
The agreement is at the top of the agenda alongside trade for the first known call for leaders in three months, scheduled for Friday morning, US officials said. However, China has not confirmed its plans for the call.
Trump and Xi’s efforts to regularly intervene when the two governments have discussed a potential summit in person between XI and Trump at the Summit of Economic Cooperation in Asia-Pacific (APEC) in South Korea from October 30 to November 1, Reuters reported.
Beijing’s signature is one of the obstacles to Trump to clean to keep Tiktok open. The Congress had ordered the application to close American users by January 2025 if its American assets were not sold by the Chinese owner Bytedance.
Trump refused to apply the law while his administration is looking for a new owner, but also because he worries the prohibition on angry application against the huge base of users of Tiktok and would disrupt political communications.
“I like Tiktok; it helped me to be elected,” Trump said at a press conference on Thursday. “Tiktok has enormous value. The United States has this value in its hand because we are those that must approve it.”
Key questions about the agreement remain. It is not clear the precise property structure of the company, how much control will keep China or if the congress will approve.
The agreement would transfer American assets of Tiktok to American owners of Bytedance, Reuters reported. Familiar sources with the agreement said we are still using Bytedance algorithm.
This arrangement worries the legislators concerned about the fact that Beijing can spy on Americans or conduct influence operations via the application. China said there was no evidence of a national security threat posed by the application.
Complicated relations
Trump positioned his approach to foreign policy as that of peace and competition research. Relations remain freezing between the two biggest economies in the world.
“We are quite close to an agreement,” said Trump on Thursday, in an apparent reference to greater commercial negotiations. “We can make an extension with China, but it is an extension based on the same terms that we have at the moment, which are very good terms.”
Other key problems include competition between the two parties on semiconductors and other advanced technologies. The United States wants more Chinese soybean purchases harvested in the United States and Boeing planes.
The United States also requires that China retort the export of fentanyl chemicals, a major cause of American overdose deaths. Beijing accused Washington of distorting the problem.
Recent data indicates the slowdown in economies in China and the United States.
Since the office resumption in January, Trump has greatly increased prices at all levels and has distinguished the economy oriented towards export of China with particularly punitive rates. It prompted China to respond in kind. The rate rates on both sides of the Pacific reached three -digit percentages in April.
A succession of limited agreements from May interrupted the tariff war between countries between countries.
They also put aside the problems that have led China to stifle the rare earth magnets that Washington needs to make high -tech gadgets. Trump had blocked Beijing access to semiconductor design software, jet engines and certain chemicals.
“The effective use of sticks (rare earths) by China and carrots (Tiktok) has turned a lot in their favor,” said Scott Kennedy, head of the Chinese sales and economic program of the Center for Strategic and International Studies, a reflection group.
The prices, a tax on American importers, was a key board of Trump’s economic policy. He raised them at the highest levels in almost a century.
The republican president described prices as an elixir which can recover lost manufacturing jobs, reduce chronic deficits of the federal government, correctly the commercial imbalances perceived and fold foreign countries to the will of Washington.
Despite the prices, China remains the third trading partner in the United States and the source of its largest bilateral trade deficit in goods.
Trump has threatened but so far retained punitive prices against Chinese exports linked to Russian oil purchases by the country.
At the same time, regional concerns are multiplying on Taiwan and the Southern China Sea, risked lightning points that find it difficult to draw as much attention to Washington as the wars of Russia-Ukraine and Gaza.
“The diplomacy of heads of state plays an irreplaceable role by providing strategic advice to China-US relations,” Liu Pengyu, spokesperson for the Chinese Embassy in Washington, told Washington.
In an early sign of goodwill before the call, China authorized the departure of the banier of Wells Fargo, Chenyue Mao, who had been prevented from returning to the United States for several months.
