Trump prepares for his much-anticipated Friday phone call with Xi Jinping.
Updated: Friday, September 19, 2025 — 4:17 PM (3-minute read)
All eyes on Trump–Xi Jinping’s Friday discussion on U.S.–China relations.
President Trump has raised expectations for his upcoming call with Chinese President Xi Jinping on Friday. He characterized a TikTok deal as nearly finalized on Thursday, while also indicating his intention to address broader matters such as tariffs. Speaking about the social media app deal in the past tense, the president pledged that the finalized company would be fully owned by “all American investors,” even though some issues remain publicly unresolved.
During his appearance in the UK, Trump added that he also plans to discuss a range of issues with his counterpart, stating, "On a much bigger scale, we're pretty close to a deal."
The much-anticipated call between the leaders of the world's two largest economies is scheduled for Friday at 9 a.m. ET
Chinese state media confirmed that a framework agreement on TikTok has been reached, though their summary differed slightly. They noted, among other points, that a “consensus [was] reached by both parties for the continued operation of Chinese enterprises, including TikTok, in the United States.”
The central issue remains how TikTok’s Chinese-controlled algorithm, which has long driven the app, will be managed if the platform is spun off into a separate U.S.-led company.
On Thursday, Trump offered little detail, saying only that "TikTok has tremendous value" and that, instead of letting it go unused, "I'd rather reap the benefits."
Reports indicate that a consortium led by tech giant Oracle (ORCL), venture capital firm Andreessen Horowitz, and private equity firm Silver Lake Management is expected to spearhead efforts to keep TikTok operational in the U.S.
Trump sounded confident, noting that he expected to discuss a range of other issues on Friday and suggested that a partial tariff detente with China could be extended.
"We may do an extension with China, but it would be based on the same terms we have right now, which are pretty good," he said.
Currently, duties between the two countries stand at 30% on Chinese imports and 10% on U.S. goods. Sector-specific tariffs on products such as steel and certain medical supplies have pushed the effective tariff rate even higher.
If the current 90-day pause lapses in early November, it could lead to the reinstatement of triple-digit tariffs that were briefly enforced at the start of Trump’s presidency.
High-stakes discussions
Friday’s call will mark the first reported conversation between the two leaders since June. It follows a meeting in Spain earlier this week between their aides, which centered on both tariffs and TikT
ok.
Read more news
Follow to get updated news.
iruzkinik ez:
Argitaratu iruzkina