TikTok Tug-of-War: Navigating U.S.-China Relations

China reaffirms its stance on TikTok's ownership negotiations in the U.S., emphasizing market rules and compliance with laws. The discussions could impact U.S.-China relations, potentially easing trade tensions in other sectors. A framework deal is seen as crucial to maintaining TikTok's operations in the U.S.

On Saturday, China maintained its firm stance on TikTok's future in the U.S., following President Donald Trump's assertion of progress towards shifting the app to U.S.-controlled ownership.

The Chinese government, through its Commerce Ministry, acknowledged the enterprise's intentions, inviting commercial negotiations that adhere to market norms and China's regulations. This position underscores its consistent approach even as Trump and Chinese President Xi Jinping engaged in recent discussions.

Central to the negotiations are TikTok's ownership structure, China's degree of control, and potential benefits for Beijing in allowing U.S. influence over a significant Chinese success. As the social media platform, with its substantial U.S. user base, becomes a lever in broader trade talks, the deal may facilitate concessions in other industries.

(With inputs from agencies.)