President Trump on Monday suggested U.S. and Chinese negotiators had reached a deal on a sale of TikTok, and said he would talk to Chinese leader Xi Jinping on Friday.

Why it matters: If there is a deal, which remains unclear, it would theoretically end a long saga that saw TikTok banned by Congress, only for Trump to tell his administration not to enforce it.

Editor's note: This is a breaking news story. Check back for updates.

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