A highly anticipated call between US President Donald Trump and Chinese President Xi Jinping took place Friday morning with an apparently wide-ranging conversation and the announcement of plans for an series of in person meetings in the coming months — as well as progress on the fate of TikTok with Trump announcing "approval" of a deal to spin off the app.

Trump said in a social media Friday he would meet with Xi in person at a summit in South Korea later this fall and that he will "go to China in the early part of next year."

The first meeting will be at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea on October 30-November 1.

He added that Xi will reciprocate with a US visit "at an appropriate time."

On the wide array of issues on the table, the summaries from both sides offering a slightly different tone around what was agreed to. The dynamic was in evidence on the apparent TikTok deal.

The Chinese summary did not provide a detailed update on the social media app beyond saying that President Xi supported a commercial solution to the problem and that he wanted a set of rules that would allow Chinese companies to invest in the US.

Trump has pushed for a spinoff of the app with "all American investors" and wrote Friday "appreciate the TikTok approval" without providing further details.

Likewise on trade with Trump touting "progress on many very important issues including Trade" while Chinese state media described the call as pragmatic and constructive — according to a translation — but signaled that trade tensions clearly remain in evidence.

The immediate message from China was that the US should avoid new restrictive trade measures to avoid "undermining" recent trade talks.

In his post, Trump also offered that progress had been made on illegal drugs and on the need to bring the war in Ukraine to an end.

The call began at 8 a.m. ET, according to a White House official.

Before the call, the president raised expectation by describing a deal over TikTok as all but completed and saying that he is looking to make progress on broader issues like tariffs.

The president spoke about negotiations around the social media app during an appearance in the UK in the past tense — even as some issues remain publicly unresolved. "My relationship with China is very good," he added later Thursday in a Fox News Interview. "And it sounds like they have approved TikTok."

The president then added that he is also looking to discuss an array of issues with his Chinese counterpart — from Russian oil purchases to tariffs — saying, "We're very close to deals on all of it."

Chinese state media previously confirmed that a TikTok framework deal had been reached but has consistently offered a somewhat different summary of any deal.

It recently said, among other things, that there was a "consensus reached by both parties, for the continued operation of Chinese enterprises, including TikTok, in the United States."

The core question surrounds how the Chinese-controlled algorithm that has long powered TikTok will continue to be used if the app is spun off into a separate US-led company.

Trump offered little insight on Thursday, saying, "TikTok has tremendous value." Rather than let it go to waste, he added, "I'd rather reap the benefits."

Reports of the deal have suggested that a consortium led by tech giant Oracle (ORCL), venture capital firm Andreessen Horowitz, and private equity firm Silver Lake Management will spearhead the attempt to keep TikTok operational in the US.

Trump sounded very confident on Thursday, adding that he expected to address a range of other issues on Friday and that a partial tariff detente could be extended.

"We may do an extension with China, but it's an extension based on the same terms that we have right now, which are pretty good terms," he said.

Current duties between the two nations are 30% on Chinese imports and 10% on US goods. Sector-specific tariffs on goods like steel and some medical supplies are currently pushing the effective tariff rate between the two countries higher.

If a current 90-day pause is allowed to expire in early November, it could mean a return to triple-digit tariffs that were briefly in place at the beginning of Trump's term.

Read more: What Trump's tariffs mean for the economy and your wallet

Friday's call was the first reported conversation between the two men since June. It comes after a meeting in Spain earlier this week among their aides that focused on both tariffs and TikTok.

That meeting ended with Trump aides promising that a framework for a TikTok deal had been reached, but adding that it has to be finalized in Friday's call.

Chinese actions around chipmaker Nvidia (NVDA) could also be a topic on Friday. Trump crossed paths with CEO Jensen Huang in the UK on Thursday: He jokingly said that AI is "taking over the world" and pointedly looked at the CEO, who was in the audience.

China's authorities contend that Nvidia has violated anti-monopoly laws, which has raised questions about the chipmaker's plans to begin new chip sales in the country.

The White House has announced plans to allow Nvidia to ship certain chips to China in return for a 15% stake in sales.

Ben Werschkul is a Washington correspondent for Yahoo Finance.

Click here for political news related to business and money policies that will shape tomorrow's stock prices

Read the latest financial and business news from Yahoo Finance