Trump Calls XI Jinping, China 'Demanding' To The Justice Of TikTok's Future In The US
JAKARTA - China remains in its stance on the future of TikTok in the US, a day after President Donald Trump said an agreement to transfer ownership of the short video app TikTok to the US was underway.
"China's position towards TikTok is clear, the Chinese government respects the company's wishes, and welcomes the implementation of commercial negotiations in accordance with market rules to achieve solutions that are in accordance with Chinese laws and regulations, and achieve a balance of interests," the Chinese Ministry of Commerce said. , Saturday, September 20.
Key questions remain regarding the potential US/Chinese deal after Chinese Trump and Chinese President Xi Jinping held a phone call on Friday.
The question includes the right TikTok ownership structure, how much control China will maintain over the application's internal workings, and what Beijing got when it 'resigned' and let the US take control of one of the most successful Chinese companies.
The progress on the future of this social media app, which has 170 million users in the US, is seen as the key to opening concessions in other fields ranging from airplanes to soybeans This world's two-largest economy maps the path to surpass their current rate ceasefire.
"It is hoped that the US will cooperate with China, seriously fulfill related commitments, and provide an open, fair, equivalent, and non-discriminatory business environment for the operational sustainability of Chinese companies in the US, including TikTok," the Ministry of Trade said in a statement.
Since the framework deal was reached in Madrid earlier this week, Chinese government officials and media have called it "profitless", by pledging to review TikTok's technology exports and intellectual property licenses.
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The framework deal is one of the obstacles Trump has to overcome in order for TikTok to continue operating. The US Congress initially ordered the closure of the app to US users in January 2025 if its US assets were not sold by its owners in China, ByteDance.
He Yadong, a spokesman for China's Ministry of Trade, reiterated China's hopes that the US would ease trade barriers facing Chinese companies when asked what Beijing got from Madrid's deal at a press conference on Thursday.