"Driving the news: China's Xinhua news agency reported that the Chinese made their position on TikTok clear, and that businesses were free to conduct negotiations that complied with applicable laws. China also hopes for a fair environment for its companies to invest in the U.S., Xinhua reported. The other side: Trump, in a Truth Social post, spoke about the conversation in general terms."
""We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal," he wrote. "The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval, and both look forward to meeting at APEC!" Yes, but: There were no further details on what was approved, or what might happen next."
China stated that its position on TikTok is clear and that businesses may conduct negotiations that comply with applicable laws. China expressed hope for a fair environment for its companies to invest in the United States. The U.S. side described progress on trade, fentanyl, ending the Russia-Ukraine war, and approval of a TikTok deal, while offering no further public details. Enforcement of a TikTok ban was frozen again until mid-December amid a reported framework deal. U.S. users would be asked to move to a new app with a new algorithm licensed from ByteDance, with the app 80% U.S.-owned and a U.S.-designated board member.
Read at Axios
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