Negotiations between the US and China, which have been ongoing for several months, have yielded results. It was reported that the main agreement on the TikTok issue has been reached between the countries. US Treasury Secretary Scott Bessent stated that the final decisions of the agreement will be announced after a meeting between Trump and Chinese leader Xi Jinping.
This process is crucial for the future of TikTok's operations in the US. Because in recent years, this application has been causing controversy in matters of national security and personal data protection.
Donald Trump noted in his statement on Truth Social that the negotiations were very productive. He emphasized that the agreement reached regarding the company, which is popular among young people, is of great importance. Trump: "The major trade meeting between America and China in Europe went very well. An agreement was reached on the company that the youth of our country wanted to preserve. On Friday, I will talk with President Xi," he said.
The terms of the agreement include the reorganization of TikTok with the participation of American investors, strict compliance with US national security requirements, and increased data control. At the same time, the head of Oracle, Larry Ellison, is mentioned as the main buyer.
The head of the Chinese delegation, Li Chenggang, noted that the agreement will not only decide the fate of TikTok, but can also partially reduce trade and investment barriers between the two countries. However, Beijing has openly stated that it will never agree to terms that contradict its national interests.
TikTok and its main owner, ByteDance, have not yet commented. However, it is clear that without an agreement, it would have been difficult for this company to operate in the USA. Therefore, this agreement is important not only for the company, but also for millions of users.
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