Overview

• After speaking with Xi, Trump said there was progress on multiple issues and that approval for a TikTok agreement was granted, though no formal deal was announced.
• Chinese state media called the conversation positive and urged the U.S. to avoid unilateral trade restrictions as negotiations continue.
• Recent reports describe a structure giving U.S. investors about 80% of a new U.S. TikTok entity while ByteDance retains roughly 20% and licenses the recommendation algorithm.
• Oracle, Silver Lake and Andreessen Horowitz are reported as leading investors for the U.S. stake, and a potential multibillion‑dollar payment to the U.S. side is under discussion but not finalized, according to Trump.
• Trump said he will meet Xi at the APEC summit in South Korea in late October and visit China next year, while the proposal still awaits U.S. and Chinese regulatory sign‑offs and resolution of export‑control issues around the algorithm.