Overview
- China’s Foreign Ministry confirmed that Xi Jinping and President Donald Trump began their phone call on Friday with TikTok and tariff issues on the agenda.
- The discussion follows a fourth negotiating round in Madrid that produced a “basic framework” for TikTok’s U.S. operations awaiting ratification by both leaders.
- Trump extended the deadline by executive order to December 16 for ByteDance to divest TikTok’s U.S. business or face a ban.
- Unresolved issues include control and upkeep of TikTok’s recommendation algorithm and the governance and storage of U.S. user data.
- Other technology disputes are unfolding in parallel, including Chinese accusations against Nvidia over its Mellanox acquisition and Huawei’s announced plans for new AI processors.