Trump and Xi to meet in South Korea as TikTok deal approved
Summary
U.S. President Donald Trump plans to meet Chinese Premier Xi Jinping in South Korea to discuss various issues, including TikTok's U.S. operations. Trump announced that the meeting follows a phone call where they made progress on trade talks and agreed on a deal concerning TikTok. A group of U.S. firms may take control of TikTok's U.S. operations to allow it to continue operating in the U.S.Key Facts
- Trump and Xi will meet in South Korea next month during the Asia-Pacific Economic Cooperation summit.
- During a phone call, Trump and Xi discussed TikTok and its need to operate under U.S. control.
- TikTok must sell its U.S. operations to avoid being banned, with deadlines previously extended by Trump.
- A group of U.S. firms, including Oracle, are part of the deal to keep TikTok running in the U.S.
- Some U.S. lawmakers are concerned about TikTok due to its ties with ByteDance and the Chinese Communist Party.
- Trump sees TikTok as important for his 2024 election campaign.
- The U.S. Supreme Court had earlier ruled that TikTok needs to separate from ByteDance for its U.S. operations.
- The call between Trump and Xi is the second this year, with past talks covering various trade issues.
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