Overview

• China’s Foreign Ministry confirmed the leaders held a phone call Friday that covered TikTok alongside broader trade and security issues.
• Trump called the conversation very productive, said he received Xi’s approval for a TikTok agreement, and announced plans to meet at the APEC summit in South Korea with a China visit in early 2026.
• China’s official readouts described the exchange as positive without confirming any finalized TikTok approval, emphasizing market‑based, law‑compliant negotiations.
• U.S. and Chinese teams have outlined a Madrid framework to shift control of TikTok’s U.S. operations, though key details on algorithm control and U.S. user data remain unresolved, and Trump extended the deadline to December 16.
• A 2024 U.S. law requires sufficient separation from ByteDance, with reports pointing to a U.S. investor consortium involving Oracle, Silver Lake and Andreessen Horowitz, potential minority retention by ByteDance, and a third party managing U.S. data and security.