While the Chinese have yet to confirm this, it appears that Trump has made a deal on the future of Tik Tok that is favorable to his side. The real question now is what Xi managed to extract from him in return. Since Trump has very strong views on trade issues, the most likely concession would be geopolitical, and would probably involve Taiwan. In other words, it is possible that he has traded an island of extreme economic, political, and military importance for an app that features short videos. We will see.