Overview

• Trump said Xi approved a deal to keep TikTok operating in the United States, while China characterized the call as pragmatic and did not mention formal approval.
• U.S. officials say a framework agreed in Madrid would transfer TikTok’s U.S. assets to American owners alongside new data-security arrangements.
• Reporting indicates the U.S. service would continue using ByteDance’s algorithm, fueling national security concerns and likely congressional scrutiny.
• The leaders agreed to continue talks and to meet on the sidelines of the APEC summit in South Korea starting Oct. 31, with further calls planned.
• Any agreement still requires Chinese regulatory sign-off and potential U.S. approvals, and the administration has delayed enforcing Congress’s divest‑or‑ban law.