Neither President Trump nor Chinese officials indicated any new developments for the popular video app. Treasury Secretary Scott Bessent previously suggested they could “consummate” transfer of control from its Chinese owner.
The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.
Investors sent major global indexes higher on optimism that President Trump and China’s top leader, Xi Jinping, could reach a wider agreement this week.