US Secures Major Fee in TikTok Deal Negotiations
President Donald Trump announced a substantial fee agreement for the US in the ownership talks over TikTok. The deal, which aims to conclude shortly with Chinese President Xi Jinping, involves the US receiving significant financial benefits from the transaction.
President Donald Trump revealed plans for the United States to receive a significant financial fee from an agreement regarding the ownership of TikTok, a China-based short video app. According to Trump's statements at a press conference with British Prime Minister Keir Starmer, the negotiation is expected to conclude favorably with China's President Xi Jinping soon.
Trump described the forthcoming deal as a 'fee plus' arrangement, highlighting the financial benefits to the US from facilitating the transaction. This announcement underscores ongoing discussions about the financial and operational ownership of TikTok amidst rising tensions between the two economic giants.
The President is optimistic about finalizing the deal with President Xi Jinping and anticipates that the agreement will be completed by Friday, marking a significant step in international business relations.
(With inputs from agencies.)
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