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The big story

Many in business circles were hoping for a sweeping U.S.-China trade deal, but an agreement now looks even more elusive.

The fate of TikTok in the U.S. overshadowed the latest round of trade talks, to the point that it's now unclear whether both sides are on the same page about what the app's divestiture from Beijing-based parent ByteDance should look like.

Meanwhile, on issues like tariffs, fentanyl and semiconductors, even less has been said by either side.

The distance is already visible. China has been silent on future meetings, even as U.S. President Donald Trump announced h

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