According to The Wall Street Journal, the key point in the draft agreement being discussed by Washington and Beijing will be the participation of a group of investors who will acquire a stake in the Chinese social network TikTok. A source in the US administration clarified that the structure of the deal as a whole repeats the scenario agreed upon at the talks this spring, but Blackstone is excluded from the list of possible participants.
Earlier, US Treasury Secretary Scott Bessent said that the final terms of the agreement should be approved during telephone talks between US President Donald Trump and Chinese President Xi Jinping, scheduled for September 19. According to the official, the parties are trying to find a compromise that will allow the platform to remain operational in the United States and at the same time meet the requirements of American regulators.
The story around TikTok in the United States began during the administration of the previous president Joe Biden, when a law was passed obliging either to sell the service or to cease its activities in the country. After the inauguration of Donald Trump in January this year, the implementation of this law was postponed, but the issue of the future of the Chinese social network in the United States continues to be the subject of negotiations at the highest level.
