Sea Donald Trump the US president has reached an agreement on the Video app TIKTOK on a phone call with China’s head of state XI Jinping. “He agreed to the TikTok deal,” Trump told reporters in the White House. He added that it could “be a formality” to sign an agreement later.
At the same time, the US President Vague remained with the details. Previously, he had said with reference to the phone call that the agreement was still being worked on. The Tikok deal is on the road and “the investors are ready” the US government had already had a fundamental agreement on the future of the future of the future of the future of Tiktok spoken in the USA.
In addition, Trump assured – again without details – that the agreements would prevent China’s influence on the app. He confirmed previous information that American investors should take over Tikok’s US business. The Wall Street Journal Practically reported at the same time that the US government would receive a payment of several billion US dollars from these investors in the course of the transaction. When asked about this, Trump said that this had not yet been finally negotiated – “but we’ll get something”.
No confirmation of China on TikK-Einung
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The Chinese government did not write in its statement on the phone call, in which the TIKTOK agreement mentioned by Trump is. She shared Xi I asked Trump to avoid trade restrictions to prevent deterioration in trade relationships. The United States would have to offer Chinese investors an open, fair and non -discriminatory environment. In addition, Beijing would “look forward to productive trade negotiations in harmony with the market rules”, which would “lead to a solution that corresponds to the Chinese laws and regulations”.
Tikok has been threatened in the United States for months
The TIKTOK mother group bytedance has its headquarters in Beijing. The future of the app in the USA has been in the hover for months. After a US law decided last year, it should have been sold by Bytedance by January 19, 2025-or had to leave the network in the USA. But Trump admitted an additional deadline for taking office in January, which he later extended. There was no basis for this in the law.
According to previous own information, Tiklok has more than 170 million users in the United States. On the operation of the short video app outside the United States-such as in Germany-the events should have no effect.
In the United States, bytedance – and thus also the daughter Tikkok – are seen as a Chinese company. Bytedance counters that the group has 60 percent of international investors and is based on the Cayman Islands. However, bytedance is bound to many Chinese regulations because of its headquarters in Beijing. The founders around Zhang Yiming only hold a share of 20 percent – but, according to media reports, have control thanks to stocks with more voting rights.
Like that a few days ago Wall Street Journal reported, US investors such as Oracle as well as the investment companies Silver Lake and Andreessen Horowitz should hold 80 percent of a new US subsidiary from Tiktok. The rest should be with Chinese shareholders.
Influence of Trump supporters
According to information from the US broadcaster CNBC, the software group Oracle from Trump supporter Larry Ellison will keep his role as a Tikok technical service provider in the United States.
This would make another online platform in the United States under financial influence from entrepreneurs who are good for the right political camp around Trump. At the former Twitter, now X, after the takeover by the Tech billionaire and temporary Trump confidante Elon Musk, right political voices were more present. At the Facebook group Meta, which also includes Instagram, founder Mark Zuckerberg also moved politically closer to the Republicans.
Meeting between Trump and XI
Donald Trump also announced a meeting with XI Jinping in South Korea after the phone call. He will speak to XI in October on the edge of the APEC summit, said Trump on Friday. At the beginning of next year he will be after China travel. Xi will come to the USA “at a reasonable time”. The Chinese government did not mention the visits.
