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Ahead of call with China’s Xi, Trump touches on TikTok deal and extending trade truce

US President Donald Trump on Thursday hinted at the possible extension of a trade truce with China and at facilitating a deal for TikTok’s continued operation in America, as the market eagerly awaits any signs of progress in an anticipated phone call between the two countries’ leaders today.

Trump made the comments at a joint press conference with British Prime Minister Keir Starmer in which Trump said: “We’re pretty close to a deal. We may do an extension with China, but it’s an extension based on the same terms that we have right now, which are pretty good terms.”

The US is getting a “tremendous fee-plus” for making the deal involving the fate of the popular short-video app, Trump added. He also said the version of TikTok operating in the US will be owned by “all American investors” and legitimate companies that “love America”.

Trump and President Xi Jinping are expected to hold a phone call at 9am Washington time (9pm in Beijing) today, according to Bloomberg, and it would mark the first direct engagement between the leaders since June.

On Tuesday, before departing for the United Kingdom, Trump said at the White House that he had reached a trade deal with China and would speak with Xi on Friday to confirm it.

“We made a very good trade deal – and I hope good for both countries – but a very different deal than they’ve made in the past,” he said.

UK gives Trump unprecedented second state visit

UK gives Trump unprecedented second state visit

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