President Donald Trump said in the Oval Office that Chinese President Xi Jinping had approved a deal for U.S. firms to acquire TikTok’s American operations, calling an earlier phone call with Xi “very productive” on trade, fentanyl, Ukraine, and the TikTok deal.
Trump shared his thoughts on the call via his social media platform, stating, “We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal." He added that the two leaders would speak again soon, expressing gratitude for the TikTok approval, and both looked forward to meeting at the upcoming Asia-Pacific Economic Cooperation (APEC) summit in South Korea on October 31.
Although Trump had previously postponed the potential TikTok ban three times, the talks surrounding the sale of the platform to U.S. companies remain significant. Trump has yet to confirm the names of the American companies set to take over the platform.
Xi, while addressing the TikTok issue, remained non-committal about confirming a deal. He emphasized that China was “clear” on the matter, stating that the government respected the wishes of ByteDance, TikTok’s parent company. Xi stressed that business negotiations should align with market rules and Chinese regulations to balance interests.
On the broader trade front, Xi urged the U.S. to refrain from imposing unilateral trade measures against China. He reminded Trump of the historical support China received from the U.S. during World War II and expressed optimism that both nations could achieve "mutual success and shared prosperity."
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