President Donald Trump hailed the significant progress made in trade talks between the United States and China and strongly hinted that a deal had finally been struck on the popular Chinese-owned social video-sharing app TikTok.
China and the U.S. are continuing negotiations to resolve a range of trade and investment issues, including chips, critical minerals, and intellectual property, under an ongoing pause to the mutual sky-high tariffs, set to expire on November 10.
The trade war sparked by Trump upended global markets and threatened a recession, but the easing of tensions and a China-U.S. tariff truce settled the volatility. A final resolution would neutralize one of the world’s major economic threats.
“The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly,” Trump posted on Truth Social on Monday.
“A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy!”
Trump said he would be speaking to Chinese President Xi Jinping on Friday.
“The relationship remains a very strong one!!!” Trump said.
President Donald Trump walks to Air Force One at Morristown Airport on September 14, 2025, in Morristown, New Jersey.
Kevin Dietsch/Getty Images
Trump Issues Update on TikTok Deal: What We Know
U.S. Trade Representative Jamieson Greer said subsequently at the China trade talks in Madrid that “we believe we have an agreement” on TikTok, which is now “just subject to the leader approval.”
Treasury Secretary Scott Bessent stated that “commercial terms have been agreed upon” in the TikTok deal, but declined to provide further details.
The Chinese side did not immediately comment.
The Biden administration moved to ban TikTok over national security concerns related to the potential for the ruling Chinese Communist Party in Beijing to access Americans’ sensitive private data.
However, the new Trump administration paused the move to negotiate the potential divestment of TikTok by its Chinese owner, ByteDance, to a U.S. business, seeking to avert a ban of an app that is wildly popular with younger generations of Americans.
Trump has repeatedly delayed the potential reckoning for TikTok. He has extended the deadline for a deal three times during his second term, with the next one coming up on September 17.
TikTok is one of more than 100 apps developed by ByteDance, a technology firm founded in 2012 by Chinese entrepreneur Zhang Yiming and headquartered in Beijing’s northwestern Haidian District.
In 2016, ByteDance launched a short-form video platform called Douyin in China, followed by an international version called TikTok. It then acquired Musical.ly, a lip-syncing platform popular among teens in the U.S. and Europe, and combined it with TikTok, while keeping the app separate from Douyin.
Nvidia Probe News ‘Poor Timing’
Earlier on Monday, Chinese regulators accused Nvidia of violating antimonopoly laws and announced that they would intensify scrutiny of the world’s leading chipmaker.
China’s State Administration for Market Regulation stated that a preliminary investigation revealed Nvidia didn’t comply with the conditions imposed when it acquired Mellanox Technologies, a network and data transmission company.
The statement did not mention any punishment, but said it would carry out “further investigation.”
Bessent called the Nvidia investigation news “poor timing” and said it was discussed with their Chinese counterparts in Madrid.
This article includes reporting by The Associated Press.
Update 9/15/25, 10:01 a.m. ET: This article was updated with additional information.