After Trump–Xi meeting, China says it will work with U.S. on TikTok; no ownership deal yet
After the Trump–Xi meeting, China’s Commerce Ministry said it would work with the U.S. to resolve TikTok-related issues but provided no details and said no ownership agreement was reached. That statement contrasts with U.S. reports — including Trump saying Xi approved a proposed U.S. ownership deal, the White House suggesting the transaction could be finalized in South Korea, and earlier plans for Oracle to manage TikTok’s U.S. algorithm — as negotiations continue under U.S. divestiture requirements.
📌 Key Facts
- On Sept. 25, 2025, President Trump said China’s President Xi had approved a proposed deal to place TikTok under U.S. ownership; separate reporting says Trump has formally approved a sale to U.S. investors reportedly valued in the billions.
- The proposal represents a shift beyond prior plans for U.S. algorithm oversight (e.g., Oracle) toward a full ownership transfer to U.S. investors.
- The White House said on Oct. 29, 2025 that the ownership deal could be finalized in South Korea, signaling an imminent milestone and continued federal engagement.
- On Oct. 30, 2025, China’s Commerce Ministry said after the Trump–Xi meeting that it will work with the U.S. to resolve TikTok-related issues but provided no details and stated no ownership agreement was reached at the meeting.
- U.S. law requires TikTok to divest from ByteDance; Trump executive orders have extended divestment deadlines while negotiations continue.
- Status: negotiations are ongoing — reports of U.S. and Chinese approvals and a possible near-term finalization contrast with China’s statement that no ownership deal was reached.
📰 Sources (5)
China says it will work with US to resolve issues related to TikTok
New information:
- China’s Commerce Ministry said after the Trump–Xi meeting that it will work with the U.S. to resolve TikTok issues but provided no details.
- No agreement on TikTok’s ownership was reached at the meeting, contrary to prior signals a deal might be finalized.
- Context reiterated that U.S. law requires TikTok to divest from ByteDance; Trump executive orders have extended deadlines while negotiations continue.
White House says deal to put TikTok under US ownership could be finalized in South Korea
New information:
- White House says the ownership deal to place TikTok under U.S. ownership could be finalized in South Korea.
- Signals an imminent milestone beyond prior reports of U.S. approval and algorithm oversight.
- Indicates ongoing federal engagement as the transaction moves toward completion.
TikTok sale to US investors OK’d by Trump in deal valued in billions
New information:
- President Donald Trump has formally approved a sale of TikTok to U.S. investors.
- The transaction is described as being valued in the billions of dollars.
- This moves beyond prior reports of Oracle overseeing the U.S. algorithm to an ownership transfer to U.S. investors.
Trump says China’s Xi has approved of proposed deal putting TikTok under US ownership
New information:
- Trump says China’s President Xi has approved a proposed deal to place TikTok under U.S. ownership.
- The statement indicates movement beyond algorithm management toward a broader ownership shift.
- The development was disclosed on Sept. 25, 2025.