Trump Xi Summit Finalizes TikTok US Sale Reshapes US China Tech Trade

President Donald Trump is scheduled to meet Chinese President Xi Jinping in Busan, South Korea, in a critical diplomatic event aimed at managing escalating US-China tensions and trade disputes. A major focus of the summit is the finalization of a deal on TikTok's US operations, where ByteDance will retain less than 20% ownership, with majority control transferred to American investors, addressing US national security concerns. This agreement represents a significant shift in economic diplomacy following months of trade tensions, further highlighted by the 2024 law requiring foreign-owned social media platforms to divest or face bans. The meeting also occurs amid internal challenges in China, including leadership purges and economic difficulties, with experts noting that Trump enters negotiations from a position of strength. Both nations are expected to seek modest improvements rather than a full restoration of pre-tension trade terms, with future talks anticipated. The summit underscores the complex geopolitical and economic stakes shaping US-China relations in 2025.