Posting on Truth Social a few minutes ago, Trump declares that the meeting taking place between officials from the US and China about trade in Madrid had gone \u201cVERY WELL\u201d<\/p>\n
Trump wrote:<\/p>\n
The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly. A deal was also reached on a \u201ccertain\u201d company that young people in our Country very much wanted to save.<\/p>\n
They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT<\/p>\n
TikTok\u2019s owner, Beijing-headquartered ByteDance, has faced a Wednesday deadline to find a buyer for the short video site\u2019s US operations, or be banned in the country.<\/p>\n
Trump has already extended that deadline several times<\/a>, giving ByteDance more time to agree a deal with an American-backed owner that satisfies both the US and China.<\/p>\n Back in July<\/a>, Trump claimed that the US \u201cpretty much\u201d had a deal on the sale of TikTok.<\/p>\n Share<\/a><\/p>\n Key events<\/p>\n Show key events only<\/p>\n Please turn on JavaScript to use this feature<\/p>\n Closing post<\/p>\n Time to wrap up\u2026.<\/p>\n Washington and Beijing appear to have struck a deal on the future of the US operations of Chinese-owned social media platform TikTok<\/a>.<\/p>\n Jamieson Greer, the US trade representative, said on Monday that Washington and Beijing have struck a framework agreement on transferring TikTok<\/a> to US-controlled ownership.<\/p>\n Speaking after emerging from negotiations with Chinese officials, Scott Bessent said the deal was coming but declined to reveal the commercial terms.<\/p>\n \u201cWe have a framework for a TikTok<\/a> deal,\u201d the treasury secretary told reporters after coming out of high-level talks in Madrid.<\/p>\n \u201cWe\u2019re not going to talk about the commercial terms of the deal. It\u2019s between two private parties, but the commercial terms have been agreed upon.\u201d<\/p>\n The framework agreement is a breakthrough in the long-running dispute over TikTok\u2019s ownership, which has raised national security concerns in Washington over the app\u2019s Chinese parent company ByteDance. In April 2024, Joe Biden signed legislation<\/a> that gave ByteDance nine months to sell the platform to a US-approved buyer or face a total ban \u2013 a deadline that Donald Trump<\/a> has repeatedly extended.<\/p>\n Trump hinted that a deal had been done, posting on his Truth Social site that a deal had been reached \u2018on a \u201ccertain\u201d company that young people in our Country very much wanted to save.\u2019<\/p>\n Trump also called for US companies to stop reporting quarterly results<\/a>, arguing that shifting to publishing figures twice a year will save them cash and let executives focus on their businesses.<\/p>\n Tensions between the US and China had appeared to escalate this morning, when a Beijing regulator claimed Nvidia had breached antitrust rules.<\/a><\/p>\n Tech company Alphabet\u2019s market capitalisation has surged above $3tn for the first time today<\/a>, joining Nvidia, Microsoft and Apple in the $3tn club.<\/p>\n Shares in Tesla have jumped 6%, after a filing showed that chief executive Elon Musk bought about $1bn of the electric-vehicle maker\u2019s shares last week<\/a>.<\/p>\n Share<\/a><\/p>\n Updated at\u00a010.35 EDT<\/p>\n Alphabet hits $3tn market capitalisation<\/p>\n Elsewhere in the technology world, Google\u2019s parent company\u2019s value has hit a new high.<\/p>\n Alphabet\u2019s market capitalisation has hit the $3tn level for the first time, with its shares up almost 4% in early Wall Street trading.<\/p>\n The rise comes amid a wider rally in artificial intelligence-linked companies.<\/p>\n Alphabet also learned earlier this month that it won\u2019t be forced to sell its Chrome browser.<\/p>\n Share<\/a> US and China trade talks will resume in a month, treasury secretary Scott Bessent said after talks between both sides broke up in Madrid .<\/p>\n The talks covered issues relating to critical raw materials, money laundering and illicit fentanyl trade.<\/p>\n \u201cWe will be holding trade negotiations in about a month again at a different location,\u201d Bessent told reporters.<\/p>\n Share<\/a>Photos: US-China talks end in Madrid, with TikTok breakthrough<\/p>\n Here are some photos from Madrid, as the US-China trade (and TikTok) talks ended:<\/p>\n US treasury secretary Scott Bessent speaking to the media next to trade representative Jamieson Greer. Photograph: Violeta Santos Moura\/ReutersChinese vice premier He Lifeng (centre) leaving the meeting with US officials Photograph: Violeta Santos Moura\/ReutersUS trade representative Jamieson Greer talk to the media Photograph: Louiza Vradi\/ReutersShare<\/a><\/p>\n On the ongoing trade talks with China, Scott Bessent told reporters in Madrid:<\/p>\n \u201cWe had very good discussions. We preferred to keep the discussions on TikTok, we will be holding trade negotiations in about a month again at a different location.\u201d<\/p>\n Share<\/a>Greer: We have a deal (subject to leaders’ approval). Trade representative Jamieson Greer is also confident that a deal to keep TikTok<\/a> operational in the US has been reached.<\/p>\n Speaking in Madrid after the talks with China\u2019s officials, Greer says \u201cWe believe we have an agreement. It\u2019s just subject to the leaders\u2019 approval\u201d.<\/p>\n [Reminder: Donald Trump has said he will speak with China\u2019s president Xi on Friday]<\/p>\n Greer added:<\/p>\n \u201cWe\u2019re not going to be in the business of having repetitive extensions. We have a deal.<\/p>\n You know, if there\u2019s some extension needed just to get it signed, etc. that\u2019s one thing, but, there\u2019s just no ongoing extensions.\u201d<\/p>\n [there may need to be a short extension as the deadline to finalise a deal is Wednesday, two days before Trump and Xi are due to speak]<\/p>\n Share<\/a><\/p>\n Updated at\u00a009.21 EDT<\/p>\n US Treasury Secretary Scott Bessent added that trade talks between US and China had not concluded, after the meeting in Madrid wrapped up this lunchtime in Europe.<\/p>\n Instead, they will go to a fifth round in about a month\u2019s time.<\/p>\n The Madrid meeting follows earlier talks in Geneva, London and Stockholm in recent months.<\/p>\n Share<\/a>Bessent: Agreement in principle on TikTok deal The US has said it has reached an agreement in principle on the sale of Chinese social media platform TikTok<\/a>.<\/p>\n Following the talks in Madrid which Donald<\/a> <\/a>Trump<\/a> cited a few minutes ago<\/a>, US Treasury secretary Scott Bessent said:<\/p>\n \u201cWe\u2019re not going to talk about the commercial terms of the deal. It\u2019s between two private parties, but the commercial terms have been agreed upon.\u201d<\/p>\n He said the details would be ironed out when Trump speaks to China\u2019s Xi on Friday, adding:<\/p>\n \u201cWe had very good discussions. We preferred to keep the discussions on TikTok, we will be holding trade negotiations in about a month again at a different location.\u201d<\/p>\n Share<\/a><\/p>\n Updated at\u00a009.06 EDT<\/p>\n Trump hints TikTok deal has finally been reached with China<\/p>\n Donald Trump has dropped a firm hint that the US and China have reached a deal about the future of TikTok<\/a>.<\/p>\n Posting on Truth Social a few minutes ago, Trump declares that the meeting taking place between officials from the US and China about trade in Madrid had gone \u201cVERY WELL\u201d<\/p>\n Trump wrote:<\/p>\n The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly. A deal was also reached on a \u201ccertain\u201d company that young people in our Country very much wanted to save.<\/p>\n They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT<\/p>\n TikTok\u2019s owner, Beijing-headquartered ByteDance, has faced a Wednesday deadline to find a buyer for the short video site\u2019s US operations, or be banned in the country.<\/p>\n Trump has already extended that deadline several times<\/a>, giving ByteDance more time to agree a deal with an American-backed owner that satisfies both the US and China.<\/p>\n Back in July<\/a>, Trump claimed that the US \u201cpretty much\u201d had a deal on the sale of TikTok.<\/p>\n Share<\/a><\/p>\n Risk assets have shown \u201cremarkable resilience\u201d in the last few months, defying the trade conflict and policy uncertainties, the Bank of International Settlements (BIS) has pointed out today.<\/p>\n In its latest quarterly review, BIS (known as the central bankers\u2019 central bank) says markets have shrugged off trade concerns, and maintained \u201ca risk-on tone\u201d.<\/p>\n BIS says:<\/p>\n Despite short-lived bouts of volatility triggered by incoming data and political developments, market sentiment remained upbeat, defying mounting challenges, including unease over the longer-run fiscal outlook in several key jurisdictions.<\/p>\n BIS also cautions, though, that markets could be too relaxed.<\/p>\n Hyun Song Shin, head of the BIS\u2019s monetary and economic department, told reporters that markets are \u201cvulnerable to repricing from bad news,\u201d Bloomberg reports.<\/p>\n He warned<\/p>\n \u201cThis very sanguine assessment seems to be disregarding some of the very real challenges in the real economy.\u201d<\/p>\n Share<\/a>Trump: Quarterly reporting should end<\/p>\n Donald Trump has proposed that US companies should be relieved from the burden of reporting financial results each quarter.<\/p>\n Posting on Truth Social, Trump says:<\/p>\n Subject to SEC Approval, Companies and Corporations should no longer be forced to \u201cReport\u201d on a quarterly basis (Quarterly Reporting!), but rather to Report on a \u201cSix (6) Month Basis.\u201d This will save money, and allow managers to focus on properly running their companies.<\/p>\n Did you ever hear the statement that, \u201cChina has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!<\/p>\n![\"Lisa](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/1758204264_725_Lisa-OCarroll-byline-004.jpg\")
Lisa O\u2019Carroll<\/p>\nLisa O\u2019Carroll<\/p>\nLisa O\u2019Carroll<\/p>\n