\n<\/p>\n
Donald Trump has dropped a firm hint that the US and China have reached a deal about the future of TikTok.<\/strong><\/p>\n Posting on Truth Social a few minutes ago, Trump<\/strong> declares that the meeting taking place between officials from the US and China about trade in Madrid had gone \u201cVERY WELL\u201d<\/p>\n Trump<\/strong> wrote:<\/p>\n The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly. A deal was also reached on a \u201ccertain\u201d company that young people in our Country very much wanted to save.<\/p>\n They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT<\/p>\n TikTok\u2019s owner, Beijing-headquartered ByteDance<\/strong>, has faced a Wednesday deadline to find a buyer for the short video site\u2019s US operations, or be banned in the country.<\/p>\n Trump<\/strong> has already extended that deadline several times, giving ByteDance more time to agree a deal with an American-backed owner that satisfies both the US and China.<\/p>\n Back in July, Trump<\/strong> claimed that the US \u201cpretty much\u201d had a deal on the sale of TikTok.<\/p>\n Share<\/span><\/span><\/p>\n Key events<\/p>\n <\/span>Show key events only<\/p>\n Please turn on JavaScript to use this feature<\/span><\/p>\n <\/span><\/p>\n Elsewhere in the technology world, Google\u2019s parent company\u2019s value has hit a new high.<\/strong><\/p>\n Alphabet\u2019s<\/strong> market capitalisation has hit the $3tn level for the first time, with its shares up almost 4% in early Wall Street trading.<\/p>\n The rise comes amid a wider rally in artificial intelligence-linked companies.<\/p>\n Alphabet<\/strong> also learned earlier this month that it won\u2019t be forced to sell its Chrome browser.<\/p>\n ShareLisa O\u2019Carroll<\/span><\/p>\n US and China trade talks will resume in a month, treasury secretary Scott Bessent said after talks between both sides broke up in Madrid .<\/strong><\/p>\n The talks covered issues relating to critical raw materials, money laundering and illicit fentanyl trade.<\/p>\n \u201cWe will be holding trade negotiations in about a month again at a different location,\u201d Bessent told reporters.<\/p>\n Share<\/p>\n Here are some photos from Madrid, as the US-China trade (and TikTok) talks ended:<\/p>\n <\/span>US treasury secretary Scott Bessent speaking to the media next to trade representative Jamieson Greer.<\/span> Photograph: Violeta Santos Moura\/Reuters<\/span>Chinese vice premier He Lifeng (centre) leaving the meeting with US officials <\/span> Photograph: Violeta Santos Moura\/Reuters<\/span>US trade representative Jamieson Greer talk to the media<\/span> Photograph: Louiza Vradi\/ReutersShare<\/p>\n On the ongoing trade talks with China, Scott Bessent told reporters in Madrid:<\/strong><\/p>\n \u201cWe had very good discussions. We preferred to keep the discussions on TikTok, we will be holding trade negotiations in about a month again at a different location.\u201d<\/p>\n Share<\/p>\n Lisa O\u2019Carroll<\/span><\/p>\n Trade representative Jamieson Greer is also confident that a deal to keep TikTok operational in the US has been reached.<\/strong><\/p>\n Speaking in Madrid after the talks with China\u2019s officials, Greer<\/strong> says \u201cWe believe we have an agreement. It\u2019s just subject to the leaders\u2019 approval\u201d.<\/p>\n [Reminder: Donald Trump has said he will speak with China\u2019s president Xi on Friday]<\/p>\n Greer<\/strong> added:<\/p>\n \u201cWe\u2019re not going to be in the business of having repetitive extensions. We have a deal.<\/p>\n You know, if there\u2019s some extension needed just to get it signed, etc. that\u2019s one thing, but, there\u2019s just no ongoing extensions.\u201d<\/p>\n [there may need to be a short extension as the deadline to finalise a deal is Wednesday, two days before Trump and Xi are due to speak<\/em>]<\/p>\n Share<\/p>\n Updated at\u00a009.21 EDT<\/p>\n US Treasury Secretary Scott Bessent added that trade talks between US and China had not concluded, after the meeting in Madrid wrapped up this lunchtime in Europe.<\/strong><\/p>\n Instead, they will go to a fifth round in about a month\u2019s time.<\/p>\n The Madrid meeting follows earlier talks in Geneva, London and Stockholm in recent months.<\/p>\n Share<\/p>\n Lisa O\u2019Carroll<\/span><\/p>\n The US has said it has reached an agreement in principle on the sale of Chinese social media platform TikTok.<\/strong><\/p>\n Following the talks in Madrid which Donald<\/strong> Trump<\/strong> cited a few minutes ago, US Treasury secretary Scott<\/strong> Bessent<\/strong> said:<\/p>\n \u201cWe\u2019re not going to talk about the commercial terms of the deal. It\u2019s between two private parties, but the commercial terms have been agreed upon.\u201d<\/p>\n He said the details would be ironed out when Trump speaks to China\u2019s Xi on Friday, adding:<\/p>\n \u201cWe had very good discussions. We preferred to keep the discussions on TikTok, we will be holding trade negotiations in about a month again at a different location.\u201d<\/p>\n Share<\/p>\n Updated at\u00a009.06 EDT<\/p>\n Donald Trump has dropped a firm hint that the US and China have reached a deal about the future of TikTok.<\/strong><\/p>\n Posting on Truth Social a few minutes ago, Trump<\/strong> declares that the meeting taking place between officials from the US and China about trade in Madrid had gone \u201cVERY WELL\u201d<\/p>\n Trump<\/strong> wrote:<\/p>\n The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly. A deal was also reached on a \u201ccertain\u201d company that young people in our Country very much wanted to save.<\/p>\n They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT<\/p>\n TikTok\u2019s owner, Beijing-headquartered ByteDance<\/strong>, has faced a Wednesday deadline to find a buyer for the short video site\u2019s US operations, or be banned in the country.<\/p>\n Trump<\/strong> has already extended that deadline several times, giving ByteDance more time to agree a deal with an American-backed owner that satisfies both the US and China.<\/p>\n Back in July, Trump<\/strong> claimed that the US \u201cpretty much\u201d had a deal on the sale of TikTok.<\/p>\n Share<\/p>\n Risk assets have shown \u201cremarkable resilience\u201d in the last few months, defying the trade conflict and policy uncertainties, the Bank of International Settlements (BIS) has pointed out today.<\/strong><\/p>\n In its latest quarterly review, BIS (known as the central bankers\u2019 central bank) says markets have shrugged off trade concerns, and maintained \u201ca risk-on tone\u201d.<\/p>\n BIS <\/strong>says:<\/p>\n Despite short-lived bouts of volatility triggered by incoming data and political developments, market sentiment remained upbeat, defying mounting challenges, including unease over the longer-run fiscal outlook in several key jurisdictions.<\/p>\n BIS also cautions, though, that markets could be too relaxed.<\/p>\n Hyun Song Shin<\/strong>, head of the BIS\u2019s monetary and economic department, told reporters that markets are \u201cvulnerable to repricing from bad news,\u201d Bloomberg reports.<\/p>\n He warned<\/p>\n \u201cThis very sanguine assessment seems to be disregarding some of the very real challenges in the real economy.\u201d<\/p>\n Share<\/p>\n Donald Trump has proposed that US companies should be relieved from the burden of reporting financial results each quarter.<\/strong><\/p>\n Posting on Truth Social, Trump<\/strong> says:<\/p>\n Subject to SEC Approval, Companies and Corporations should no longer be forced to \u201cReport\u201d on a quarterly basis (Quarterly Reporting!), but rather to Report on a \u201cSix (6) Month Basis.\u201d This will save money, and allow managers to focus on properly running their companies.<\/p>\n Did you ever hear the statement that, \u201cChina has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!<\/p>\n However, thousands of China\u2019s listed companies do release financial results each quarter, according to news service Xinhua.<\/p>\n Quarterly reporting does also give investors an up-to-date view of a company\u2019s performance (and gives live-bloggers more to write about, which I\u2019d say is \u201cgood!!!\u201d<\/em>).<\/p>\n Share<\/p>\n","protected":false},"excerpt":{"rendered":" Trump hints TikTok deal has finally been reached with China Donald Trump has dropped a firm hint that the US and China have reached a deal about the future of TikTok. Posting on Truth Social a few minutes ago, Trump declares that the meeting taking place between officials from the US and China about trade<\/p>\n","protected":false},"author":1,"featured_media":21443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[2479,303,2153,695,132,545,1456,5427,544,81],"class_list":{"0":"post-21442","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-agrees","9":"tag-business","10":"tag-china","11":"tag-commercial","12":"tag-live","13":"tag-sale","14":"tag-talks","15":"tag-terms","16":"tag-tiktok","17":"tag-trump"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/21442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21442"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/21442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/21443"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Alphabet hits $3tn market capitalisation<\/h2>\n
Photos: US-China talks end in Madrid, with TikTok breakthrough<\/h2>\n
Greer: We have a deal (subject to leaders’ approval).<\/h2>\n
Bessent: Agreement in principle on TikTok deal<\/h2>\n
Trump hints TikTok deal has finally been reached with China<\/h2>\n
Trump: Quarterly reporting should end<\/h2>\n