US-China Trade Talks Gain Momentum After Leaders’ Call

Key Takeaways

• Trump and Xi spoke by phone last Friday, with TikTok’s pending sale to US investors dominating the discussion.

• Both sides are expected to extend the tariff pause before the November 10 deadline and aim to finalize the TikTok deal this year.

• Fentanyl tariffs, rare earth export delays, and recent Chinese investigations into the US semiconductor sector could undermine negotiations if not contained.