U.S. President Donald Trump and Chinese President Xi Jinping will speak by phone on Friday at 9 a.m. Washington time (9 p.m. Beijing), marking their first direct engagement since June.
The agenda is expected to cover trade tensions, TikTok’s U.S. operations and broader technology access. TikTok’s American business is currently being negotiated with a consortium led by Oracle, Andreessen Horowitz and Silver Lake, with a potential valuation in the tens of billions of dollars.
The conversation comes during a temporary 90-day trade truce, but friction over high-tech exports and rare-earth supply chains continues. Beijing is pressing ahead with AI and chip development to reduce reliance on U.S. technology.
Analysts expect only limited agreements from the call, likely confined to tariffs, technology access, and TikTok ownership, with broader disputes on industrial policy and national security unlikely to be resolved.
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Its very likely that rare-earth supply chain tensions will remain unresolved, adding longer-term risk.
This fragile truce highlights uncertainty; markets may react more to tone than substance. Stay tuned for the headlines.
