US President Donald Trump on Monday declared that the fourth round of high-stakes trade negotiations between Beijing and Washington had wrapped up “VERY WELL” in Madrid, announcing that the talks produced a deal involving a “certain company”, which appears to be TikTok.
Advertisement
He added that he is scheduled to speak with Chinese President Xi Jinping later this week.
In his signature style, Trump shared the update via a post on Truth Social: “The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly. 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.”
Scott Bessent, US Treasury Secretary who led the American delegation, told reporters in Madrid that “we have a framework for a Tiktok deal”, referring to the wildly popular social media platform owned by China’s ByteDance.
“The two leaders – President Trump and party chair Xi – will speak on Friday to complete the deal,” he said. “But we do have a framework for a deal with Tiktok. We had very good discussions. We preferred to keep the discussions on Tiktok. We will be holding trade negotiations in about a month again at a different location.”
Advertisement
Facing a looming ban in the US over data privacy and national security fears, TikTok’s fate has been a flashpoint in US-China relations.
