Overview

• Trump reported “progress” on TikTok in a Friday call with Xi but no final agreement was announced.
• Trump and Xi agreed to meet on the sidelines of the APEC summit in South Korea on Oct. 31–Nov. 1, with future visits also signaled.
• The White House says negotiations envision six of seven U.S. TikTok board seats held by Americans, Oracle overseeing data and privacy, and U.S. control of the algorithm.
• Any deal still requires ByteDance and Chinese government sign-off, as Beijing urged an open, fair, non‑discriminatory environment for Chinese firms.
• A U.S. investor group reported by the Wall Street Journal includes Oracle, Silver Lake and Andreessen Horowitz, and the paper says the government is seeking a multibillion‑dollar fee for brokering the talks; enforcement of the congressionally mandated ban has been delayed by Trump.