The United States and China have reached a framework agreement to change the application of TikTok videos to the property controlled by the United States, high US officials said Monday, and President Donald Trump spoke with Friday Chinese President Xi Jinping.
The United States Treasury Secretary Scott Besent and the United States trade representative Jamieson Greer, announced the agreement after a meeting between high US and Chinese officials in Madrid, but refused to give any of the commercial terms of the agreement.
Besent told journalists that more details would wait to be determined in a call on Friday between Trump and XI.
Trump said Monday that commercial conversations with China had gone very well and hinted that an agreement had been reached to solve problems that the United States has about Tiktok’s property.
“The great commercial meeting in Europe between the United States of America and China, it will be very good! It will conclude shortly,” Trump wrote on his real social platform.
“An agreement was also reached in a certain company that young people in our country wanted to save. They will be very happy! I will talk to President XI on Friday.
Earlier on Monday, an American official with knowledge of the negotiations had said that Washington would advance with a Tiktok prohibition if China did not withdraw their demands for reduced tariffs and technological restrictions as part of a divestment agreement.
The US and Chinese delegations gathered to discuss Tiktok’s disinversion by Chinese owner Bytedance as part of a wider conversations about fares and economic policies that take place in Madrid.
Tiktok faces to be closed as soon as September 17 in the USA. Unless he moves the property of the United States. In statements to journalists, Besent and Greer said that China wanted concessions on trade and technology in exchange for accepting uninverting from the popular application of social networks.
“Our Chinese counterparts have come with a very aggressive request,” Besent said, adding: “We are not willing to sacrifice national security for an application of social networks.”
Bad moment
The negotiations of the United States-China at the Palacio de Santa Cruz Bar of the Ministry of Foreign Affairs of the Spanish Ministry of Relations, which began on Sunday, were the fourth round of conversations in four months to address the tense commercial ties and an imminent deadline for divestment for Tiktok.
They took place when Washington demands that their allies impose tariffs on China imports on Chinese Purchases of Russian oil, which Beijing said Monday that it was an attempt to coercion.
Beijing announced separately on Monday that a preliminary investigation of Nvidia had found that the US chips giant. UU. He had violated his antimonopoly law. Besent said the announcement about Nvidia was a bad moment.
The probe is widely seen as a retaliation shot against Washington’s curbs in the fries.
