A tiny company with ties to China made a major purchase of Trump family’s cryptocurrency $TRUMP, according to the New York Times. Reporter David Yaffe-Bellany and Atlantic Staff Writer Ashley Parker join Katy Tur to explain more.

The small technology company with operations in China said it struck a $300 million funding deal to help it amass a stockpile of cryptocurrencies, including the president’s $TRUMP meme coin.

Donald Trump’s team is throwing itself into the most expansive and simultaneous set of high-level diplomatic negotiations in years, involving China, Ukraine, Russia, Iran, the Middle East and multiple global trading rivals.

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.

As Donald Trump shakes up the very institutions, alliances, and free trade order that have underpinned America’s global dominance since World War II, some in China are reminded of their own former leader — one who wielded revolutionary zeal to tear down the old world more than half a century ago.

The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.

The Five' co-hosts discuss President Donald Trump's 'total reset' with China and his executive order to lower drug prices.