U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Under U.S. law signed last year, TikTok's Chinese parent company ByteDance must divest its U.S. business or face a nationwide ban. "We're speaking to President Xi on Friday to see if we can finalize something on TikTok, because there is tremendous value, and I hate to give away value, but I like TikTok," Trump said Thursday during his state visit to the United Kingdom. Since May, the two countries have held four rounds of trade talks, pausing some tariffs and easing export controls, though major sticking points remain. "We're very close to deals on all of it," he said, referencing both TikTok and broader trade issues.