"According to Bessent, China agreed to "commercial terms" and "technical details" of a deal "between two parties," but Xi and Trump still needed to discuss the terms-as well-as possibly China's demands to ease export controls on chips and other high-tech goods-before the deal can be finalized, Reuters reported. ByteDance, TikTok's current owner, which in the past has opposed the sale, did not immediately respond to Ars' request to comment."
"While experts told Reuters that finalizing the TikTok deal this week could be challenging, Trump seems confident. On Truth Social, the US president boasted that talks with China have been going "very well" and claimed that TikTok users will soon be "very happy." "A deal was also reached on a 'certain' company that young people in our Country very much wanted to save," Trump said, confirming that he would speak to Xi on Friday and claiming that their relationship "remains a very strong one!!!""
China agreed to commercial terms and technical details of a TikTok deal between two parties, but Xi and Trump must still discuss terms and possibly China's demands to ease export controls on chips before finalization. ByteDance, TikTok's owner that opposed a sale, did not immediately comment. Trump posted confidence on Truth Social, saying talks with China have been going very well and TikTok users will soon be very happy. China’s Ministry of Commerce called U.S. export controls and tariffs unilateral bullying and economic coercion, and Beijing announced probes into U.S. semiconductors, an antitrust ruling against Nvidia and an anti-discrimination probe into U.S. chip measures.
Read at Ars Technica
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