Overview

• Chinese state media called the leaders’ phone call positive and constructive but did not confirm Trump’s claim that an agreement on TikTok was approved.
• A proposed framework under discussion would transfer TikTok’s U.S. assets to American controllers, while key issues such as ownership structure, algorithm use and potential congressional hurdles remain unresolved.
• Negotiators are working on extending a tariff truce that expires on November 10, and Xi urged Washington to avoid new unilateral trade restrictions and ensure a fair business environment for Chinese firms.
• Trump said he and Xi agreed to meet at the APEC summit and discussed future visits, statements not matched by Beijing’s official account.
• Reporting indicates Trump refused to approve roughly $400 million in U.S. military aid for Taiwan in recent months, a decision described as not final, as Taipei moves to raise defense spending and fund drones and ships.