Overview

• U.S. officials expect the leaders to speak around 9 a.m. ET to try to lock in terms that would keep TikTok operating in the United States, though Beijing has not confirmed the call.
• Treasury Secretary Scott Bessent said a framework exists after talks in Madrid, while China described a basic consensus on intellectual property use and entrusting a partner with U.S. data and content security.
• Key details remain unresolved, including the precise U.S. ownership structure, the role of ByteDance’s algorithm, the extent of any Chinese control, and whether Congress will accept the arrangement.
• Trump this week extended the enforcement deadline to Dec. 16, 2025 under the 2024 law requiring ByteDance to divest TikTok’s U.S. assets or face a ban, with roughly 170 million U.S. users affected.
• The discussion is tied to broader efforts to ease trade tensions, with a tariff truce potentially up for extension and a possible APEC meeting between the leaders under consideration, according to Reuters.