Donald Trump reported the conclusion of a "very fruitful conversation" with China president Xi Jinping. The American president wrote on the fact Social portal that advancement had been made on key issues between countries.
"I just finished a very fruitful conversation with China's president Xi. We have made advancement on many very crucial issues, specified as trade, fentanyl, the request to end the war between Russia and Ukraine and to approve the TikTok agreement" - wrote Trump. The president expressed his gratitude to Xi for his approval of TikTok.
Further contacts planned
Trump set a agenda for future contacts with the Chinese leader. Another telephone conversation is planned, a gathering in November at the Asia-Pacific economical Community Summit in South Korea and a Trump visit to China early next year.
According to the U.S. President, Xi will visit the US "in due time". The finalisation of TikTok's acquisition by the American consortium was intended to be the main subject of the talks, but it is unclear whether the final agreement was reached during this discussion.
Uncertainty around the agreement
The Chinese speech suggests that the agreement has not yet been concluded. "China's stand on TikTok is clear: the Chinese government respects the will of the company afraid and would welcome fruitful trade negotiations, in line with marketplace principles, which will lead to a solution that complies with Chinese law and regulations, taking into account the interests of both parties" - said the Communication.
According to the "Wall Street Journal", the framework of the agreement announced after talks in Madrid on Monday presume the acquisition of the application by a consortium of companies allied with Trump. The consortium includes the Oracle IT company and investment funds from Silicon Valley - Silver Lake and Andreessen Horowitz.
The consortium would take over 80 percent of the stake in TikTok, but the application would inactive usage the Chinese advice algorithm. This solution would keep the functionality of the application while gathering US safety requirements.
Divergentities on Ukraine
Despite Trump's mention of advancement in ending the war in Ukraine, specified wording was not included in the Chinese communication. In a Thursday interview with Fox News Trump speculated about the possible impact of sanctions on China.
The president stated that if European states imposed sanctions or duties on China for supporting Russia, Beijing would require Russia to end the war with Ukraine. He besides announced a willingness to take a akin step towards China, but pointed out that he could not criticize China for buying Russian oil if the European countries did the same.
Sources used: "PAP" Note: This article has been edited with the aid of Artificial Intelligence.
