A much-awaited deal over TikTok may be close, with US President Donald Trump and his Chinese counterpart Xi Jinping set to discuss terms on Friday. Top officials from both sides struck a "framework" agreement this week, which reports suggest could see TikTok's US operations sold to a group of American firms.

Xi call largely did not move relations one way or another. Read more at straitstimes.com. Read more at straitstimes.com.

Donald Trump claimed victory on a deal that would put TikTok in the hands of his allies after a call with Xi Jinping. But details on the agreement—and Beijing’s buy-in—remain murky.

The president told reporters Friday that China’s top leader, Xi Jinping, had approved a deal for TikTok. But he also suggested the agreement was a work in progress.

Trump, in a Fox News interview Sunday, revealed several of the high-profile, deep-pocketed names involved in the U.S. deal with China on TikTok.

Trump announced Friday that he has reached a deal to keep popular video app TikTok running in the U.S. after a call with China's president.

U.S. President Donald Trump is expected to talk with Chinese leader Xi Jinping in a push to finalize a deal to allow the popular social media app TikTok to keep operating in the U.S. The call Friday also may offer clues about whether the two leaders

President Trump thanked China's Xi Jinping for "the TikTok approval" after a Friday phone call, but China hasn't confirmed an agreement.

"We have a framework for a TikTok deal," Treasury Secretary Scott Bessent said after talks with Chinese officials in Spain.

The Trump administration is expected to collect a multibillion-dollar fee from investors as part of the complicated transaction to take control of TikTok’s U.S. operations, the latest in a string of lucrative government deals with the private sector.