"According Bessent, the proposed deal is " between two private parties," with the key commercial terms already agreed upon, ahead of this week's TikTok sell-off deadline in the U.S. The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday.""
"the deadline for the finalized sale may be extended by another 90 days to enable both sides to clarify the specifics, though right now, the plan is to get a deal established ahead of this week's deadline. Interestingly, reports have also indicated that the Chinese government won't sell TikTok's algorithmic core to the U.S. under any circumstances, while U.S. officials have also stated that they won't negotiate unless the CCP backs off demands to ease tariffs and tech restrictions."
A proposed sale of TikTok is described as between private parties with key commercial terms reportedly agreed as the U.S. sell-off deadline approaches. A high-level U.S.-China trade meeting in Europe is portrayed as successful, with a separate deal reached regarding a company popular with young Americans. The sale process must comply with the Protecting Americans from Foreign Adversary Controlled Applications Act, and the finalization deadline may be extended by 90 days to clarify specifics. Reports state China will not sell TikTok's algorithmic core, and U.S. officials condition negotiation on the CCP easing tariffs and tech restrictions.
Read at Social Media Today
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