President Donald Trump has stated that an agreement is almost completed on Tiktok, as the resulting company is fully controlled by American investors, Yahoo Finance said. The President, speaking from the United Kingdom, expressed confidence in reaching a broader agreement with China, noting that the two countries are “very close to the deal” on a wider scale. An expected invitation is to be made between President Trump and Chinese President Xi Jinping on Friday morning.
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Chinese government media confirmed a framework agreement, noting a consensus consensus on the continued operation of Chinese institutions, including Tiktok, in the United States, there is still a central negotiation point for the Chinese -controlled fate of the algorithm that occupies the application. Reports indicate that a consortium including Oracle (Orcl), Andresen Horawitz and Silver Lake will lead the new US -based entity.
According to data from the IndexBox platform, current tariff rates reach 30 % on Chinese imports and 10 % on American goods, with the duties of the sector on elements such as steel that drive effective rates to higher. President Trump pointed to a possible extension to stop the current introductory stop, which is scheduled to end in early November, according to the current conditions. The call is also likely to address the recent measures made by the Chinese authorities against NVDIA (NVDA), which raised concerns about its plans for new chips sales in China.
Source: Indexbox Market Intelligence
