Trump and Xi pursue TikTok Success to Overcome US-China Stalemate
President Donald Trump and Chinese President Xi Jinping will aim for a deal to maintain the video app TikTok's presence in the US and reduce tensions between the two superpowers engaged in a trade standoff.
According to reports, the leaders' first known call in three months is anticipated with the agreement being a top priority along with trade.
Trump and Xi's attempt to stabilize relations occurs as both administrations have been considering an in-person meeting between Xi and Trump during the Asia-Pacific Economic Cooperation (APEC) summit in South Korea from October 30 to November 1.
Beijing's approval is one of the obstacles Trump had to overcome to maintain TikTok's operation. Congress mandated that the app must cease operations for US users by January 2025 if its US assets are not divested by the Chinese parent company ByteDance.
Trump has opted not to implement the law while his administration searches for a new owner, partly because he fears that a ban on the app would upset TikTok's vast user community and interfere with political communications.
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"I enjoy TikTok; it aided in my election," Trump remarked at a press conference "TikTok holds immense worth." The United States possesses that power because we are the ones who must authorize it.
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Important inquiries regarding the agreement persist. The exact ownership arrangement of the company remains uncertain, including how much control will be held by China and if Congress will grant approval.
According to reports, the agreement would shift TikTok's US assets from ByteDance to American owners. Sources knowledgeable about the agreement indicated that US TikTok would continue to utilize ByteDance's algorithm.
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That setup concerns lawmakers who fear that Beijing might surveil Americans or carry out influence campaigns via the app. China stated that there is no proof of a national security risk presented by the app.