TikTok’s American Remix: Trump and Xi Set to Seal Deal Amid Tech and Trade Shakeup
by Mighva Verma - 1 day ago - 2 min read
In a major tech and trade update, the United States and China are getting ready to finish a big deal about TikTok this Thursday. Both leaders, President Trump and President Xi, are meeting in South Korea to agree on how TikTok will work in America, after months of tough talks.
What Happens to TikTok?
TikTok’s American business will be managed mostly by U.S. and international investors. ByteDance, the Chinese parent company, will keep less than 20% ownership. Major companies like Oracle and Fox Corporation, plus other investors, will make decisions about TikTok’s security, content recommendations, and software. They will also pick most of the board members who will run the day-to-day operations.
More Than Just an App
This isn’t only about TikTok. The agreement is part of bigger trade talks between the two countries. These talks also cover things like taxes on imports (tariffs), rare minerals needed for tech products, and rules about computer algorithms. The White House pushed for this deal because a law passed in 2024 said ByteDance had to sell TikTok or the app could get banned in the U.S. The agreement means TikTok can keep running for users in America without getting shut down.
Who’s Involved?
Well-known names in business are part of TikTok’s future. Oracle’s Larry Ellison, Fox Corporation, and big investment firms are all getting involved. Their choices will help decide how TikTok works and grows in the United States. While the main agreement is set, some last details are still being sorted out, as often happens with big tech deals.
Trump and Xi’s meeting is likely to shape not just TikTok, but also the way the U.S. and China deal with each other about technology and trade. TikTok’s U.S. story is about to begin with new partners, new rules, and a fresh start for the app in America.