Overview

• Trump reported a “very productive” September 19 call with Xi that he said included approval for a TikTok agreement and plans for an in‑person meeting at the late‑October APEC summit in South Korea.
• China’s readout called the conversation positive and reiterated support for company‑led, market‑rule talks on TikTok without confirming a final deal or specific terms.
• Negotiators previously reached a basic framework in Madrid; unresolved issues include who controls the recommendation algorithm, who holds U.S. user data, and the new ownership and board structure.
• Trump this week extended the U.S. divest‑or‑ban deadline to December 16, and media reports identify a potential U.S. investor group including Oracle, Silver Lake and Andreessen Horowitz.
• ByteDance thanked both presidents and said it will follow applicable law to keep TikTok available in the U.S., as the leaders also discussed tariffs, fentanyl and the war in Ukraine.