Trump: China's Xi Jinping Approved TikTok Deal, US Investors Involved

TikTok Deal Status

• 💬 President Trump stated he had a "great call" with President Xi Jinping and that Xi approved the TikTok deal.
• 🤝 Trump mentioned that US investors are involved and are preparing to close the deal, describing the progress as "very well."
• ⚠️ The deal is not yet closed and requires final approval, though Trump indicated it is "well on its way."

Control of TikTok's Algorithm

• 🇺🇸 Trump asserted that the US side will have control over TikTok's algorithm under the contemplated deal.
• ❓ He did not directly answer whether the US government would receive a board seat on the reconstituted TikTok, stating specifics would be announced later.

Steve Bannon's Treasury/Fed Proposal

• 🚫 President Trump poured cold water on Steve Bannon's idea of Treasury Secretary Steve Mnuchin holding dual roles as Treasury Secretary and Fed Chair.
• 💼 Trump noted that Mnuchin does not want the Fed chair job and prefers to remain at Treasury.
• 😂 He made a joke about potentially saving money on salary if one person held both positions.