US Finance Minister Scott Bessnt said on Tuesday that he expects the final agreement for a short -and -traded application that is reached when US President Donald Trump talks to Chinese leader Xi Jinping on Friday.
China had a long list of requirements in Madrid this week, Bessnt said. He described the negotiations as thorough and performed with great respect, reported Reuters.
On Monday, China and the US announced that after months of conversations between the two best economies in the world, they had achieved a framework agreement. The aim of the agreement is to facilitate the trade war that affected global markets.
According to Bessen Trump, he explained that he would allow a tiktoku, which has 170 million American users, to go offline without an agreement that converts ownership into US -controlled entities. However, Trump has extended the deadline three times and the fourth extension is expected on Wednesday.
“We have a framework for Tiktoku Agreement,” Bessnt told reporters without dealing with specific commercial conditions. “It is between two private parties, but the commercial conditions have been agreed,” he added.
Us-China Tiktok Deal: Why are we interested in tiktok?
Tiktok was under control in Washington, with legislators feared that its Chinese ownership could allow Beijing’s approach to sensitive user data. In April 2024, former US President Joe Biden signed a law that requires to sell his US Tiktok operations or to face a nationwide ban within nine months.
January 18. A short video platform was briefly banned in the US. On the first day back in the oval office, however, Trump signed a executive order that delayed recovery for 75 days. The US President later extended this deadline twice, the current due date was September 17th.
Us-China Tiktok Deal: What did China say?
On Monday, Li Chengang, the best Chinese trade negotiator, announced that both countries had achieved a framework agreement on the dealing of dispute -related disputes.
“The results of business and economic consultations are severely won, and on the one hand, the US side should not ask China to meet its concern, while at the same time it continues to suppress Chinese societies,” said Li in Madrid.
(With the entry from agencies.)
(Tagstotranslate) tiktok
