Trump Attributes TikTok's Influence to His Election Victory; Focus Shifts Towards Xi Jinping for Decisions Regarding App's Future
In a significant development, officials believe the agreement regarding TikTok's US business could ease tensions over technology, trade, and security. The final plan for TikTok's US operations will put it under American ownership.
The deal is seen as a potential step forward in broader US-China relations, with President Trump expressing optimism about its financial benefits and its potential to keep young users satisfied. The entrepreneurs suspected to take over TikTok's US operations include Oracle, Silver Lake, Andreessen Horowitz, technology investor Michael Dell, and members of the Murdoch family, specifically Rupert Murdoch and his son Lachlan Murdoch.
Trump has suggested that TikTok played a significant role in his election campaign, particularly in reaching younger voters. He credits advice from someone named Kirk for his strong support from youth during the election. China has reportedly signaled approval for the TikTok deal.
However, lawmakers in Washington remain cautious, seeking clearer guarantees that China will not influence TikTok's data or content. National security considerations continue to be a subject of debate. The outcome of the TikTok deal could impact future rules on foreign technology companies in America.
Trump is preparing for a conversation with Chinese President Xi Jinping to settle the TikTok deal. He has hinted at a potential meeting with Xi Jinping in person and suggested the possibility of extending the current deal if needed. Trump sees TikTok as both a political and economic power.
The resolution of the TikTok deal could have implications beyond social media. Its impact on global diplomacy has become evident, as Trump's comments underscore how TikTok, initially used for campaign videos, has become a significant point in US-China relations. The investors involved in the deal are described as 'the biggest, the richest.'
Despite the cautious approach from lawmakers, Trump remains hopeful about the talks with Xi, suggesting both sides are close to an agreement. The deal's resolution will undoubtedly shape the future of TikTok and potentially US-China relations.
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