'Gone very well': Trump hails US-China trade talks, will speak to Xi soon; drops big TikTok hint

US President Donald Trump has hinted at a breakthrough over the future of TikTok in America, suggesting that a deal has been reached as trade talks between Washington and Beijing continue in Madrid.In a post on Truth Social, Trump wrote, "The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly.”He further added, “A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy!"The US President will also be speaking to Chinese President Xi later in the week.“I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!"His comments are widely seen as a reference to TikTok, the Chinese-owned social media platform that US law requires to be sold or shut down. The US president has repeatedly delayed the sale deadline and did not confirm a deal when asked by reporters on Sunday (local time).However, as of now, there has been no confirmation from Beijing about any such deal.The remarks came as delegations from both countries held talks in Madrid. The meeting, hosted at the Palacio de Santa Cruz, Spain’s ministry of foreign affairs headquarters, brought together US treasury secretary Scott Bessent and Chinese vice premier He Lifeng. According to China’s Xinhua news agency, discussions covered economic and trade issues, including the TikTok dispute. The Spanish government also confirmed the talks, which will continue until Wednesday.Trade relations between the United States and China have been highly strained this year, with both sides imposing tariffs that climbed into triple digits and rattled global supply chains. In recent months, they agreed to reduce duties temporarily to 30% on US exports to China and 10% on Chinese goods entering the United States. A fresh deal in August delayed the reimposition of higher tariffs for 90 days, keeping the pause in place until 10 November.The fate of TikTok remains a central issue. Washington had set September 17 as the deadline for the company to secure a non-Chinese buyer or face a nationwide ban, a deadline Trump has already extended three times.