Trump, Xi make progress on TikTok deal, but more work remains, White House says

President Donald Trump and Chinese leader Xi Jinping failed to come to a final agreement on TikTok during a call Friday, but the two made significant progress toward a deal, a White House official told CNBC’s Eamon Javers.

The official’s remarks on the much-anticipated call came after Trump and China’s state media issued dueling readouts of their conversation that left the status of a deal on the popular video app unclear.

“I just completed a very productive call with President Xi of China. We made progress on many very important issues including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal,” Trump wrote in a Truth Social post late Friday morning.

Trump also announced that he and Xi agreed to meet during the Asia-Pacific Economic Cooperation forum’s upcoming summit in South Korea.

Trump added that he agreed to “go to China in the early part of next year,” and that Xi “would, likewise, come to 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!” he wrote.

A translated readout from Chinese state-run news agency Xinhua, meanwhile, appeared to show daylight between the two sides on TikTok.