The call Friday, the first between the two leaders since June, also touched on the ongoing trade war between the world’s two largest economies.

President Donald Trump said at the conclusion of a call with China’s leader Xi Jinping Friday morning that they had made progress to finalize a deal that would sell most of TikTok’s US assets to American investors.

U.S. President Donald Trump says he’ll meet Chinese leader Xi Jinping at a regional summit taking place in October in South Korea and will visit China early next year

President Donald Trump announces upcoming meeting with Xi Jinping at the Asia-Pacific Economic Cooperation summit following a "productive" phone call.

The phone call is also expected to indicate whether Trump and Xi will agree to hold their first face-to-face meeting since Trump returned to the White House this year.

President Trump set high expectations for his Friday call with Chinese President Xi Jinping. He described a deal over TikTok as all but completed and sounded optimistic about progress on broader issues like tariffs.

President Donald Trump's recent optimistic remarks on negotiations with China have given a boost to U.S.-listed Chinese stocks.