Trump, Xi Talk TikTok Deal

On his first phone call since June, US President Donald Trump and Chinese President Xi Jinping faded on Friday about the final details of the Takhk deal. Although the Chinese ambassador to the United States framing the conversation as “pragmatic, positive and constructive”, none of the sides went with a clear penetration.

Beijing or Washington did not issue more details about the proposed deal. But according to Wall Street JournalThe arrangement will witness in the discussion that the Chinese company gets rid of control of Tiktok to a new American entity created to run the application. This union will have new investors and current supporters of about 80 percent of the platform, with the ownership of BYTEDANCE to less than 20 percent of compliance with American law. People familiar with the conversations said magazine It may take weeks until legal concerns are addressed.

On his first phone call since June, US President Donald Trump and Chinese President Xi Jinping faded on Friday about the final details of the Takhk deal. Although the Chinese ambassador to the United States framing the conversation as “pragmatic, positive and constructive”, none of the sides went with a clear penetration.

Beijing or Washington did not issue more details about the proposed deal. But according to Wall Street JournalThe arrangement will witness in the discussion that the Chinese company gets rid of control of Tiktok to a new American entity created to run the application. This union will have new investors and current supporters of about 80 percent of the platform, with the ownership of BYTEDANCE to less than 20 percent of compliance with American law. People familiar with the conversations said magazine It may take weeks until legal concerns are addressed.

Such a Tiktok deal would represent a victory over China in the US congress and the Trump administration, who have expressed their fear of accessing the application user’s application that can be accessed by the Chinese government, allowing Beijing to monitor the activity of Americans and perform influences. Trump himself stands on the issue more complicated, initially pushed to ban the application in the United States, only to use the application to communicate with younger voters during his campaign to re -election.

Beijing also tried to fram the Tiktok deal as a wins for XI. Although China will lose control of Tiktok, experts indicate that Xi will get influence in future deals with Washington, specifically about the Trump’s introductory war and Chinese technology aspirations; China and the United States are negotiating a broader trade agreement that focuses on curbing the production of fentanel and reducing high fees.

Read more in today’s world summary: Trump, the eleventh inch is closer to the Tiktok deal.