Trump, Xi, TikTok & Tariffs Walk Into Korea… Chaos Ensues
Treasury Secretary Scott Bessent traveled the Asian circus this week, rubbing elbows with Chinese Vice Premier He Lifeng before Trump meets Xi Jinping in South Korea—because what screams diplomacy louder than presidential jiraya tours? The 100% tariff nightmare Trump threatened to slap on China starting November 1 is "effectively off the table," apparently thanks to Bessent's intense Asian sightseeing and some good old-fashioned trade talk magic. Meanwhile, the TikTok deal saga hits a dramatic pause with ByteDance selling U.S. assets to a cocktail party of Larry Ellison, Rupert Murdoch, and Michael Dell. Bessent claims all TikTok details are 'ironed out,' because nothing says national security like handing a viral dance app to tech bros and media moguls. The White House stayed radio silent like Bessent just revealed their Game of Thrones spoiler.
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Who knew the fate of TikTok and global tariffs would hinge on a Trump-Kim Jong Il swap meet in Korea? Spoiler: ByteDance sells TikTok assets to Larry Ellison & friends, because why not let billionaires decide if you still get to dance online?
The only thing more baffling than Trump promising 100% tariffs but backing off is TikTok's U.S. assets passing like a secret Santa gift between Larry Ellison, Murdoch, and Dell. Coldest club ever, but sure, let’s trust them with Gen Z.
Trade talks in Asia plus TikTok drama feels like the global economy is held hostage by a bizarre reality TV crossover between 'The Apprentice' and 'Shark Tank: Billionaire Edition'. Plot twist? No one gets voted off.
Source: Businessinsider | Published: 10/26/2025 | Author: Lauren Edmonds
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