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Trump and Xi to meet in South Korea as TikTok deal approved

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Trump and Xi to meet in South Korea as TikTok deal approved

Trump, however, delayed implementing the ban four times since it was first announced in January, and earlier this week extended the deadline again to December.

TikTok, which is run by Chinese firm Bytedance, was previously told it had to sell its US operations or risk being shut down.

Trump wrote on Truth Social the call was "productive" and the approval was "appreciated", adding that he would travel to China next year after the two meet.

US president Donald Trump said he plans to meet Chinese Premier Xi Jinping in South Korea next month following a phone call in which the Chinese leader also approved of a deal to take control of TikTok's US operations.

In his post, Trump wrote the two "made progress" on trade issues and would meet at the Asia-Pacific Economic Cooperation summit in South Korea, scheduled to begin at the end of October.

That, he said, would be followed by a visit to China and a subsequent visit by Xi to the US.

The president provided no further details on the TikTok deal, which he said earlier this week that the call would confirm.

That deal will reportedly see a group of US firms- said to include Oracle - that would enable TikTok to continue operating in the US, using algorithm technology licensed from ByteDance.

Xinhua reported that China's position on TikTok is "very clear" and that it welcomed firms to "conduct commercial negotiations based on market rules and reach solutions that comply with Chinese laws and regulations and a balance of interests".

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