"Biden and Xi's First Conversation Since November Summit Addresses Global Tensions and TikTok Concerns"

President Biden and Chinese President Xi Jinping held a 105-minute call discussing Taiwan, artificial intelligence, and security issues, marking a return to regular leader-to-leader dialogue. The call comes ahead of high-level engagements between the two countries, with discussions on Taiwan's independence, China's operations in the South China Sea, and China's influence in the region. Biden also pressed China on fentanyl flow, AI, election interference, human rights, and unfair economic practices, while Xi raised concerns about U.S. measures suppressing China's economy. Treasury Secretary Yellen is set to travel to China for bilateral meetings, and the U.S. is renewing concerns over Chinese ownership of TikTok and investigating national security risks posed by Chinese car exports.