Trump Says TikTok Deal "Approved", Set To Visit China Next Year

US President Donald Trump announced on Friday that the TikTok deal with China has received approval.

After a telephone conversation with Chinese President Xi Jinping, Trump revealed plans to visit China in the "early part of next year" and mentioned they would meet at a regional summit scheduled for late October in South Korea.

In his Truth Social post, Trump also stated that Xi would visit the United States "at an appropriate time".

"The call was a very good one, we will be speaking again by phone, appreciate the TikTok approval, and both look forward to meeting at APEC!," Trump wrote, referring to the Asia-Pacific Economic Cooperation, an organization comprising 21 Pacific Rim economies.

According to China's official news agency Xinhua, the Chinese leader emphasized the significance of bilateral relations and urged the United States to avoid imposing unilateral trade restrictions.

These discussions follow Trump's tariff war with China, which created tensions between the world's two largest economies. Nevertheless, the leaders addressed trade matters during their conversation, easing concerns over China's restrictions on rare earth element exports, which are essential components in products ranging from smartphones to fighter jets.

Despite encouraging European countries to implement higher tariffs on China to help end the Russia-Ukraine conflict, Trump claimed to have a "very good" relationship with China.

Trump has acknowledged TikTok's "tremendous value" in contributing to his election victory and had repeatedly extended deadlines for the app to separate from its Chinese parent company, ByteDance. This separation is necessary for TikTok to continue operating in the United States under legislation passed last year addressing data privacy and national security concerns.

On Monday, Chinese officials announced that both sides had reached a consensus regarding the "use of intellectual property rights," including the algorithm, and agreed to appoint a partner responsible for managing US user data and content security.

Neither the United States nor China has yet released detailed information about the TikTok agreement.