U.S. President Donald Trump said he and Chinese President Xi Jinping made progress on a TikTok agreement during their first call in three months, with plans to meet face-to-face in South Korea in six weeks. The leaders will also discuss trade, fentanyl exports, and Russia’s war in Ukraine. Trump confirmed Beijing’s tentative approval of a framework deal to keep TikTok operating in the U.S., though China’s official statement avoided mention of a formal agreement.
The call set the stage for further talks at the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju on October 31. Trump announced he would visit China early next year, with Xi expected to travel to the U.S. later. While Trump said “the TikTok deal is well on its way,” questions remain over ownership, control of the algorithm, and possible U.S. government involvement. He even suggested Washington could charge a multibillion-dollar fee for brokering the deal.
TikTok’s future hinges on compliance with a U.S. law requiring ByteDance to divest its American assets by January 2025 or face a nationwide ban. While Trump has delayed enforcement, national security concerns persist over potential Chinese influence through the app. Lawmakers remain wary that ByteDance’s algorithm could allow Beijing to spy on Americans or sway public opinion.
Beyond TikTok, the leaders touched on trade tensions. Trump has imposed record-high tariffs, targeting China’s export-driven economy, which has fueled a back-and-forth tariff war since January. Although limited agreements have paused some disputes, tariffs remain a central tool in Trump’s economic agenda.
The discussion also covered fentanyl exports, a major driver of U.S. overdose deaths. Trump suggested Xi is open to ending Russia’s war in Ukraine, though no details emerged. While both sides presented the call as constructive, key issues—TikTok control, tariffs, and geopolitical flashpoints—remain unresolved.


Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call
U.S. Expected to Expand Travel Ban to More Than 30 Countries
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures
UN General Assembly Demands Russia Return Ukrainian Children Amid Ongoing Conflict
U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure
Trump Administration Tightens H-1B Visa Vetting With New Focus on Free Speech and Censorship
UN Chief Says Gaza Operation “Fundamentally Wrong” as Concerns Over War Crimes Grow
European Stocks Rise as Markets Await Key U.S. Inflation Data
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 



