Thursday, October 30, 2025
Technology

Trump and Xi set to ‘consummate’ TikTok deal during China trade talks: Live updates

President Trump touched down in Malaysia on Sunday to kick off his diplomatic tour of Asia, where he is hoping to move forward on a series of major trade and economic proposals. The U.S. and China are set to “consummate” what Treasury Secretary Scott Bessent said was a “final deal on TikTok,” following months of lawmakers postponing a ban on the popular app unless its U.S. operations are sold to a domestic owner. Trump and Chinese President Xi Jinping could seal the deal Thursday when they meet in South Korea. There’s also a framework for a larger trade deal between China and the U.S. in place, which would halt 100 percent tariffs on Chinese imports from kicking in on November 1, with China expected call off export restrictions on crucial rare earth minerals, American officials said on the sidelines of the ASEAN Summit in Kuala Lumpur. Back in Washington, the administration is continuing to take criticism over its military strikes on alleged drug boats in the Caribbean, which Sen. Rand Paul blasted as “extrajudicial killings” in an interview with Fox News Sunday. Former Vice President Kamala Harris, meanwhile, condemned the “many” billionaires who she said are “bending the knee at the foot” of the “tyrant” president.

Trump and Xi set to ‘consummate’ TikTok deal during China trade talks: Live updates

President Trump touched down in Malaysia on Sunday to kick off his diplomatic tour of Asia, where he is hoping to move forward on a series of major trade and economic proposals.

The U.S. and China are set to “consummate” what Treasury Secretary Scott Bessent said was a “final deal on TikTok,” following months of lawmakers postponing a ban on the popular app unless its U.S. operations are sold to a domestic owner. Trump and Chinese President Xi Jinping could seal the deal Thursday when they meet in South Korea.

There’s also a framework for a larger trade deal between China and the U.S. in place, which would halt 100 percent tariffs on Chinese imports from kicking in on November 1, with China expected call off export restrictions on crucial rare earth minerals, American officials said on the sidelines of the ASEAN Summit in Kuala Lumpur.

Back in Washington, the administration is continuing to take criticism over its military strikes on alleged drug boats in the Caribbean, which Sen. Rand Paul blasted as “extrajudicial killings” in an interview with Fox News Sunday.

Former Vice President Kamala Harris, meanwhile, condemned the “many” billionaires who she said are “bending the knee at the foot” of the “tyrant” president.

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