Donald Trump plans to finalize a deal with Xi Jinping on Friday concerning TikTok, amidst ongoing U.S.-China technology negotiations.
This event highlights geopolitical technology tensions, possibly modulating market sentiments, though no direct cryptocurrency impacts are reported yet.
Trump and Xi Set for TikTok Deal Confirmation
Description: Trump and Xi to finalize TikTok deal, impacting U.S.-China tech policy landscape.
TikTok Deal Talks Reach Critical Friday Deadline
The TikTok negotiations have reached a pivotal moment as Donald Trump and Xi Jinping discuss finalizing a deal on Friday. This follows months of discussions concerning data security and tech ownership between the two nations.
Donald Trump has confirmed reaching an agreement with the Chinese government, signifying major changes in data policy and U.S.-China relations. The involvement of Scott Bessent highlights the significant financial oversight in this deal.
Donald Trump, President of the United States, “We have a deal on TikTok. I have reached a deal with China. I’m going to speak to President Xi on Friday to confirm everything up.”
Agreement to Shape U.S.-China Tech Relations
The finalized agreement could reshape U.S.-China tech policies, potentially influencing global technology markets. Analysts are watching for impacts on tech stocks, while the crypto market remains unaffected by this development.
Potential effects on financial, regulatory, or technological spheres include shifts in global tech supply chains and market appetites. Although the deal is significant, historical data show limited direct impacts on crypto assets like ETH or BTC.
Past Talks Spurred U.S. Tech Volatility, Not Crypto
Past TikTok negotiations have led mainly to U.S. tech stock volatility. However, crypto markets have historically remained insulated from such trade discussions, unlike traditional tech sectors.
Experts indicate that while the TikTok deal is notable, historical patterns suggest little immediate impact on cryptocurrency markets. Kanalcoin experts have pointed to previous tech policy changes that mostly affected traditional stocks rather than digital assets.
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