Trump and Xi speak over the phone, according to China's confirmation.
The world's two largest economies, the United States and China, are set to discuss a range of issues, with a potential deal regarding the Chinese social media platform TikTok on the table. This announcement comes after a confirmation by the official news agency Xinhua of a phone call between President Xi Jinping and US President Donald Trump.
The details of their discussion, however, have not been made available yet. It is known that the US company responsible for the takeover of TikTok is primarily an American investor group, with Oracle, the software giant, taking charge of data and privacy management.
TikTok is required to sell its US business, according to the context, as part of a deal with the US government to address national security concerns. This requirement comes after both countries imposed import tariffs of over 100 percent on goods from each other in April, escalating a long-standing tariff dispute.
Among the topics to be discussed, bilateral trade is expected to be a significant point of discussion. The tariff dispute between China and the US has been paused, offering a potential opportunity for both countries to re-evaluate their trade relations.
The conversation between the two leaders is anticipated to provide insights into the future of US-China relations, particularly in the digital and trade sectors. As the world watches, the outcome of this discussion could shape the course of international trade and technology for years to come.
