After months of stress…a deal "Tik Tok" Trump and Xi come together in final agreement
In a surprising development, US-China relations US Treasury Secretary Scott Besent announced on Sunday that Washington and Beijing had reached an agreement "Final agreement" Regarding the American version of the Chinese social media application "Tik Tok" Which has about 170 million American users.
Washington seeks to seize operations "Tik Tok" In The United States from the hands of the Chinese parent company ByteDance, citing national security concerns.
An agreement ends months of tension between the two countries, as US President Donald Trump signed last month an executive order that would transfer ownership of the company’s operations in America to a group of American investors.
Tik Tok deal
Scott Pisant said in Separate interview with the program "Face the nation" On CBS, it is "All the details have been agreed upon, and the two leaders will finalize this deal Thursday in Korea"
Under the agreement, the Chinese company “ByteDance” will retain less than 20% of the platform’s shares, while about 80% will transfer to a group of new investors, including Larry Ellison and technology mogul Michael Dell.
US customs duties
In the same context, the US Treasury Secretary indicated that an initial agreement had been reached with China. To calm their trade tensions fueled by tariffs, days before an expected summit between Presidents Trump and Xi Jinping.
Bescent said that the threat to increase tariffs by 100% on Chinese goods has been withdrawn in exchange for Beijing postponing restrictions on its global exports of rare earths.
He added "I think we avoided tariffs" After talks with Deputy Prime Minister He Lifeng in the Malaysian capital, Kuala Lumpur, regarding restrictions on exports, the American minister indicated that "China will postpone its implementation for a year while it reconsiders it"
The minister’s statements came as Trump began an Asian tour in Kuala Lumpur, which he will conclude with a meeting with Chinese President Xi Jinping in South Korea.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
