"While the leaders had broken ice' with the call, it also showed that Trump was in no place to impose more tariffs. United States President Donald Trump has spent the better part of this week touting a TikTok deal with China, but experts say it is far from finalised after both sides shared details of his phone call with President Xi Jinping. The two leaders spoke by phone on Friday, their first call in three months, but there was no announcement of the sale of the popular social media app that has 170 million US users."
"On TikTok, Xi said China's position is clear: the Chinese government respects the will of firms and welcomes companies to conduct business negotiations on the basis of market rules to reach a solution consistent with Chinese laws and regulations while balancing interests, according to the meeting summary in Xinhua, the Reuters news agency reported."
"Experts were not surprised. Trump is the type of person who often announces frameworks or deals to have deals or a deal that still has a lot of details to be worked out, and this seems to be another example of that, said Rachel Ziemba, adjunct senior fellow at the Center for a New American Security. The bigger trade deal is likely to wait till Trump and Xi meet on the sidelines of the Asia-Pacific Economic Cooperation forum that starts on October 31 in Gyeongju in South Korea, if that happens, added Ziemba."
The two leaders spoke by phone for the first time in three months but did not announce a TikTok sale despite extensive publicity. Trump promoted a potential TikTok deal, while Chinese wording emphasized market-based business negotiations consistent with Chinese laws. Experts cautioned that the apparent agreement remains far from finalised and characterized Trump's announcements as premature frameworks needing more detail. A broader trade settlement may wait for a possible face-to-face meeting at the Asia-Pacific Economic Cooperation forum starting October 31 in Gyeongju, South Korea. The call nonetheless signals a thaw in relations.
Read at www.aljazeera.com
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