According to China, the Trump administration is reaching a deal with China to determine Tiktok’s fate, which can be completed this weekend. Report Quote Finance Minister Scott Bessent.
President Trump plans to meet with Chinese President Xi Jinping on Friday, and the two are expected to discuss the fate of China-owned social media platforms. This means that the deadline for Wednesday, September 17 may have a clear solution to this issue before passing. The key question is whether Tiktok ownership will be transferred Go to an American company. The platform can be temporarily closed in the United States. As beforeunder a federal law passed last year, national security and privacy considerations should be responded to.
The law requires Tiktok’s parent company Bontedance to sell social media services to U.S. companies, or to be basically shut down in the U.S. The Trump administration mentioned progress in the matter, with the initial deadline extending twice.
Bessent said on Monday that the two countries reached a preliminary agreement and that “the commercial terms have been agreed.”
Neither Tiktok nor the Treasury responded to requests for comment immediately.
Ongoing trade wars between the United States and China and a new ruling against the U.S.-based NVIDIA complicated a deal from Tiktok. China claims Nvidia has Violation of antitrust laws in the country.
Suspicion of Tiktok deal
Even if the government’s proposals for an upcoming deal, the future of Tiktok is likely Keep the dilemma even longer.
“I’ve seen Tiktok’s negotiations stall and move so many times that I didn’t hold my breath in the deal that I completed this week.” Internet law firm, Who has been following the Tiktok legend. “Whenever we hear progress or reaching the framework, some external complications put the whole negotiation in trouble.”
She said tariffs and NVIDIA claims further complicate the complex negotiations on Tiktok. “It is likely that there are already a role to play, including potential obligations to the Chinese government, national security and privacy issues, and the desire to retain Tiktok’s addiction algorithm without the need to isolate and isolate American users.”
Kashman said none of the parties involved had transparency on what would happen to Tiktok under U.S. ownership, including the report to resolve reports A Tiktok application that uses only US will be provided
Negotiation factors
A U.S.-China relations expert said that if a deal is reached to make Tiktok available in the U.S., it may just be the beginning of a battle for the future of the platform.
“Chinese people usually see the signing of a deal as the beginning of a negotiation, not the end.” Usha HaleyBarton’s outstanding president of international business at Wichita State University. “So, with the details unfolding over the years, the devil will be in the details.”
Haley said any deal will be under Congress and could set a precedent for how future foreign applications work in the United States.
She said the Trump administration may stick to U.S.-based Tiktok data, independent oversight and insulation of Chinese legal and political requirements, while the Chinese government hopes to protect its tech advocates and maintain cultural influence.
No matter what the U.S. requires, Hailey said, China may still find a way to maintain control of Tiktok, “If needed, open up some secret doors and pitfalls in the future to intervene in the future.”
