President Trump Advances TikTok Deal and US-China Trade Negotiations
President Donald Trump signed an executive order to facilitate a TikTok deal with US ownership, while US and Chinese negotiators established a framework for a trade agreement on tariffs.
Overview
- President Donald Trump signed an executive order to advance a deal for TikTok, aiming for new ownership based in the United States.
- This executive order is set to pave the way for the finalization of the TikTok transaction, with the deal expected to be completed on Thursday.
- Separately, trade negotiators from both China and the United States have successfully reached a preliminary framework for an agreement.
- This framework specifically addresses ongoing issues related to tariffs and other significant trade matters between the two nations.
- The agreed-upon trade framework is slated for further discussion during a potential high-level meeting between President Trump and President Xi.
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Analysis
Center-leaning sources cover this story neutrally, focusing on reporting the Treasury Secretary's announcement about the TikTok deal's progress. They present factual information, attribute statements clearly, and provide relevant background without employing loaded language or exhibiting a clear bias. The coverage prioritizes official statements and details of the executive order.
"The United States and China are ready to move forward on a TikTok deal, according to Treasury Secretary Scott Bessent."
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FAQ
The deal established a new U.S.-based joint venture to own TikTok, with about 80% controlled by American investors including Oracle and Silver Lake Partners, and less than 20% retained by ByteDance, TikTok's Chinese parent company. ByteDance will have one representative on the board but will be excluded from security matters.
The TikTok sale is expected to be finalized on Thursday during a meeting between President Donald Trump and Chinese President Xi Jinping in South Korea.
Notable investors include Larry Ellison, co-founder of Oracle; Rupert Murdoch; and Michael Dell, founder of Dell, all of whom have ties to former President Trump.
U.S. and Chinese negotiators have agreed on a preliminary trade framework addressing tariffs and significant trade issues, with further discussions expected during a high-level meeting between Presidents Trump and Xi.
Concerns include the potential editorial influence by investors tied to Trump, which could affect TikTok’s moderation policies and how criticism of Trump and his affiliates is handled on the platform.
History
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