Trump and Xi Discuss Finalizing TikTok Deal Amid Trade Negotiations

U.S. President Donald Trump and Chinese President Xi Jinping engaged in a call on Friday to finalize a deal that would allow TikTok to continue its operations in the United States. This discussion is part of broader efforts to ease trade tensions between the two nations.

The proposed agreement involves transferring TikTok's U.S. assets from its Chinese parent company, ByteDance, to American ownership. Concerns remain regarding the app's algorithm and potential Chinese influence. Congress had previously mandated a shutdown of TikTok in the U.S. by January 2025 unless ownership changes occurred, but President Trump has delayed enforcement due to political considerations.

Treasury Secretary Scott Bessent announced on Monday that a framework for the TikTok deal had been reached during negotiations in Madrid. The final terms are expected to be decided during the leaders' call.

In a related development, President Trump indicated that China appears to have approved the deal, suggesting that the agreement is likely to proceed.

The outcome of this deal is anticipated to influence the broader trade relationship between the United States and China, as both nations seek to resolve ongoing disputes and stabilize economic ties.