President-elect Trump spoke Friday with Chinese President Xi Jinping by phone just days before the U.S. presidential inauguration. Why it matters: Trump said last month he exchanged messages with Xi after winning the election but didn't confirm they spoke.

While Trump gained praise from users for the reprieve, he faces long-time skeptics in his own Republican Party about what they see as the app’s ongoing national security threat.

Trump said the government should be a half owner of TikTok's U.S. business in return for keeping the app alive, and threatened China with tariffs if it failed to approve a deal.

On his first day in office, President Trump added several unexpected wrinkles to the ongoing “ban or sale” saga facing China-owned TikTok, drawing Chinese government criticism.

President Trump said little about China in his inauguration address amid growing signs that he's becoming friendlier with the country he's long assailed.

The President, who has suggested that the U.S. take on 50 percent ownership of TikTok, hinted that potential tariffs on China will be closely linked to whether such a joint venture is approved. “If China didn’t approve it,

Chinese stocks exposed to the threat of Donald Trump’s tariffs, such as Alibaba ($BABA) and Temu ($PDD), are enjoying a reprieve as the new