Trump says he will meet Xi in South Korea, declares TikTok deal reached
“The Chinese government respects companies’ wishes and welcomes commercial negotiations based on market rules and reach solutions in accordance with Chinese laws and regulations and equilibrium interests,” he said.
Xi said that China hopes that the US will provide a “open, fair and non -discriminatory özgü work environment for Chinese companies to invest in the USA.
He also called for the US to start to “take unilateral trade restrictive measures to prevent the weakening of achievements through multiple consultation rounds”.
Tiktok’s future has been under a cloud since last year, when the Congress enacted a law that requires the disposal of US operations or prohibit national security reasons.
Reports Wall Street JournalThe US and the Chinese officials are discussing a Tiktok’s presence, where ByTedance’s ownership fell below 20 percent and controls the formation of a new US presence that controls new investors and other 80 percent of the existing supporters.
Even with Xi’s reconstruction of Tiktok’s restructuring, there are many other trade tension points that US and Chinese authorities are trying to work with more than four rounds of meetings in European cities between May and September.
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The main adhesion points include China’s demand for more US goods, especially soybean beans to address China’s demands to make more to prevent the export of chemicals related to fentanyl, and that China perceives Trump as an unfair trade deficit.
Both sides remove a ban on export to the launch of an anti-monopoly investigation against China’s US chip giant in the H20 chip of Trump Nvidia, in a violent competition on semi-conductors and AI chips.
Trade negotiations proceeded against 90 -day extensions to a tariff ceasefire and a pause in some export controls. This was intermediary after having a retaliation of export ban in rare worlds used in high -tech products from Beijing to three -step and smartphones and warrior jets, after hitting Trump’s Chinese imports with 145 percent tasks with 145 percent tasks.
Washington prevented Beijing from accessing chip design software, jet engine parts and implemented a new student visa restrictions.
Both sides agreed to step back from the threshold in May, increased the US tariff rate to 30 percent, and Chinese adopted a 10 percent tariff rate during negotiations. The next 90 -day deadline ends in November.
With Michael Koziol
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