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49m ago

Trump Says Xi Backed TikTok Deal as Leaders Set APEC Meeting

China’s cautious readout stopped short of confirming approval, leaving final terms to be settled before planned talks in South Korea.

President Donald Trump, left, shakes hands with China's President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019.
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Overview

  • Trump said he and Xi spoke by phone on Sept. 19 and made progress on keeping TikTok operating in the United States.
  • U.S. officials say a Madrid framework would shift TikTok’s U.S. operations to American owners, with reports pointing to a consortium including Oracle and investor groups.
  • China’s statement emphasized commercial negotiations under Chinese law and did not explicitly confirm a TikTok approval.
  • The leaders agreed to meet on the sidelines of the APEC summit in South Korea at the end of October, with Trump planning a China visit early next year and a future Xi trip to the U.S.
  • Key details remain unsettled, including ownership structure, algorithm access, Chinese regulatory sign-off and potential U.S. congressional review, alongside unresolved trade issues and a time-limited tariff truce.