Washington – The president of the United States, Donald Trump, says that he and Chinese leader Xi Jinping will meet at a summit in South Korea next month and travel to China at the beginning of next year.
Trump spoke with XI by phone on Friday in an impulse to finish an agreement to allow the popular application of social networks Tiktok to continue operating in the United States.
The call can eventually offer clues about where relationships between the two superpowers of the world can be directed.
This is the second call with XI since Trump returned to the White House and launched very high tariffs on China, which caused commercial round trip restrictions that tightened the ties between the two largest economies. But Trump, a Republican, has expressed his willingness to negotiate trade agreements with Beijing, especially for Tiktok, who faces a prohibition from the United States unless his Chinese parent company sells his control participation.
Another call for Trump and XI about commercial tensions
The two men also spoke in June to deactivate tensions about China’s restrictions on the export of rare earth elements, used in everything, from smartphones to combat airplanes.
“I am talking to President XI, as you know, on Friday, having to do with Tiktok and also trade,” Trump said Thursday. “And we are very close to agreements in everything.”
He said that his relationship with China is “very good,” but noted that Russia’s war in Ukraine could end if European countries impose higher rates on China. Trump did not say if he planned to raise tariffs on Beijing about his purchase of Moscow oil, as he has done with India.
The Chinese embassy in Washington on Thursday did not confirm any next summit among the leaders, but spokesman Liu Pengyu said that “the diplomacy of the heads of state plays an irreplaceable role in providing a strategic orientation for relations with China-United States.”
Sun Yun, director of the Chinese program in the group of experts Stumbon Center, based in Washington, predicted a positive discussion.
“Both parties have a strong desire for the leadership summit to occur, while the details are in the commercial agreement and what can be achieved for both parts of the summit,” said Sun.
Efforts to finish the Tiktok agreement
After an American commercial meeting earlier this week in Madrid, the United States Secretary of the United States, Scott Besent, said the parties reached a framework agreement on Tiktok’s property, but that Trump and XI will probably end it on Friday.
Trump, who has accredited the application for helping him win another term, several times has extended a deadline for the application to be cleared from his Chinese parent company, Bytedonce. It is a requirement to allow Tiktok to continue operating in the US. According to a law approved last year seeking to address the privacy of data and national security concerns.
Trump said Tiktok “has tremendous value” and the United States “has that value in his hand because we are the ones who have to approve it.”
American officials have been concerned about the roots and the property of Bytedance, pointing out laws in China that require Chinese companies to deliver the data requested by the Government. Another concern is the patented algorithm that little what users see in Tiktok.
Chinese officials said on Monday that a consensus was reached on the authorization of the “use of intellectual property rights”, including the algorithm, and that the two parties agreed to trust a partner to handle user data and content security of the United States.
The representative Raja Krishnamorthi, the democrat of classification in the select committee of the Chinese Communist Party Chamber, says that the data and the Tiktok algorithm must be “truly in American hands” to comply with the law.
More commercial problems on the table
The main US and Chinese officials have made four rounds of commercial conversations between May and September, and another probably in the coming weeks. Both parties have stopped the high rates of heaven and have retired from the hard export controls, but many problems are still not solved.
Trump in the call would probably “seek to make it look that the United States has the advantage in commercial negotiations,” said Ali Wyne, a senior research and defense advisor on US-China issues in the International Crisis group.
It is likely that XI “seeks to underline China’s economic leverage and notice that continuous progress in bilateral relations will depend on the decrease in tariffs, sanctions and export controls of the United States,” Wyne said.
Agreements on technological export restrictions, Chinese purchases of American agricultural products or fentanyl have not been announced. The Trump administration has imposed additional tariffs of 20% to Chinese products linked to accusations that Beijing has not been able to stop the flow to the United States of chemicals used to make opioids.
The Trump Second period commercial war with Beijing has cost American farmers one of its main markets. From January to July, the exports of the American farm to China fell 53% compared to the same period last year. The damage was even greater in some products: Sorghum sales of the United States to China, for example, fell 97%.
Josh Gackle, president of the American Association of Soybean, said he would follow the result of Friday’s call because China, the largest foreign buyer of Us Beans, has stopped purchases for this year’s new harvest.
“There is still time. It’s encouraging that the two countries continue to speak,” Gackle said. “I think that frustration grows at the level of farmers that they have not yet been able to reach an agreement.”
(Tagstotranslate) All markets – range of all parties
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