Trump and Xi Approve TikTok Deal Ahead of APEC Summit
Leaders agree on a framework allowing TikTok to continue US operations and schedule meetings at the APEC summit with reciprocal visits planned next year.
TikTok Deal Secured
US President Donald Trump and Chinese Premier Xi Jinping have approved a framework enabling TikTok to maintain its US operations under a licensing agreement. The leaders also discussed trade, the war in Ukraine and the fentanyl crisis.
Summit Meetings Planned
They will meet at the Asia-Pacific Economic Cooperation summit in South Korea at the end of October. Trump announced a state visit to China next year, followed by a reciprocal visit from Xi to the United States.
Arrangement Details
Under the deal, US firms, reportedly including Oracle, will license algorithm technology from ByteDance to manage TikTok’s US platform. China’s Xinhua news agency said Beijing welcomes commercial negotiations conducted under market rules and Chinese regulations.
Domestic Concerns Remain
Despite Trump’s praise for TikTok’s value and investors, lawmakers from both parties remain cautious about ByteDance’s links to the Chinese Communist Party. Representative John Moolenaar warned the algorithm license could allow CCP influence.
Wider US-China Dialogue
This call marks the second between Trump and Xi this year. Earlier discussions led to China approving rare earth mineral exports to US companies. Four rounds of recent talks have so far prevented new tariffs and strict export controls on key technologies.
The agreement on TikTok marks a thaw in US-China tech tensions and sets the stage for high-level diplomatic engagement.
This topic was reported by BBC.
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