Overview

• After a phone call Friday, President Trump said he and President Xi will meet on the sidelines of the APEC summit in South Korea on October 31 and November 1.
• Trump described the exchange as very productive and said there was progress toward divesting TikTok’s U.S. operations, though no final agreement was announced.
• Xi urged the United States to avoid unilateral trade restrictions and to provide a nondiscriminatory environment for Chinese companies, including TikTok, according to Chinese state media.
• U.S. press reports continue to name a potential buyer group for TikTok’s U.S. business that includes Oracle, Silver Lake, and Andreessen Horowitz, pending decisions by ByteDance and Chinese authorities.
• The administration has again delayed the U.S. ban mandated by a 2024 law, while a temporary tariff truce that lowered duties is in effect until November 10.