Overview

• Trump said he and Xi made progress on a TikTok arrangement during their Sept. 19 call and confirmed plans to meet at the APEC summit in South Korea.
• U.S. Treasury Secretary Scott Bessent said negotiators in Madrid reached a framework to shift TikTok’s U.S. assets to American owners, pending leader sign-off.
• Reporting indicates a U.S. TikTok entity could license ByteDance’s algorithm, a politically sensitive detail likely to draw congressional scrutiny under the 2024 law.
• China’s official readout urged market-based negotiations that comply with Chinese law and warned against unilateral U.S. trade restrictions.
• No final agreements were announced on tariffs, export controls, fentanyl precursor controls, or agricultural purchases, signaling broader talks remain unresolved.