“A great commercial meeting in Europe between the United States and China went very well! (…) an agreement was also achieved on the” certain company “, which young people in our country wanted to save. They will be very happy” Trump informed. – “On Friday I will talk to the chairman XI. Relations remain very strong !!!” He added.
The agreement on the application was confirmed by the head of the American delegation, Minister of Finance Scott Bessent, and the Jamieson Greer trade representative. However, they refused to provide the details of the contract, only emphasizing that Tiktok was to go under American control. – “Agreement frames were agreed” Bessent explained, adding that the details and disputes regarding duties will be discussed by Trump and XI on Friday.
Congress versus Trump's decision
Although the Congress Act prohibiting the activities of Tiktok in the USA under the Chinese ownership has been in force since January 19, Trump ordered its suspension of its enforcement until the adoption of the application by the American subject. Companies such as Microsoft, Amazon and Oracle were mentioned among potential buyers.
Before the opening of the session at Wall Street, Oracle shares increased – one of the companies mentioned as interested in taking over Tiktok. The quotas increased the position of the owner of the company, Larry Ellison, on the list of the richest people in the world.
