A High-Stakes Negotiation
The United States and China have reached an outline of a deal to resolve tensions over the Chinese ownership of TikTok, according to Treasury Secretary Scott Bessent.
Former President Donald Trump is expected to speak with Chinese President Xi Jinping on Friday to “complete” the agreement.
The development comes just before a critical deadline: TikTok’s parent company, ByteDance, must either sell the app to U.S.-controlled ownership or face a nationwide ban in the United States.
The Core Issue: Security and Influence
For years, TikTok has been accused of posing a national security risk. U.S. officials warn that Beijing could use the app to collect sensitive data on American users or spread disinformation.
The proposed deal would transfer control of the platform to U.S. hands, aiming to ease these concerns without completely banning the app.
China’s Parallel Moves
While discussions about TikTok continue, China’s antimonopoly regulator announced that Nvidia, the world’s leading chipmaker, had violated antitrust law.
This signals that both Washington and Beijing are using high-profile tech companies as leverage in broader geopolitical and economic negotiations.
What’s Next?
- Deal Completion: Trump and Xi are expected to finalize the TikTok agreement in their Friday call.
- Market Impact: A U.S.-controlled TikTok could reshape social media competition in America.
- Global Tech Rivalry: The Nvidia case highlights the increasing scrutiny on tech giants in the context of U.S.-China tensions.
By ✍️ Yorlinda Ramìrez- MicuPost Team
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