China, Trump and TikTok
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Treasury Secretary Scott Bessent said on “Face the Nation” on Sunday that China and the United States had reached “a final deal on TikTok,” but offered few details.
Treasury Secretary Scott Bessent announced on Sunday that the Chinese government has agreed to a deal to sell TikTok to new ownership. “We reached a final deal on TikTok. We reached one in Madrid, and I believe that as of today,
President Donald Trump and Chinese President Xi Jinping could "consummate" the TikTok deal announced last month when they meet on Thursday, Treasury Secretary Scott Bessent said.
US Treasury Secretary Scott Bessent has signalled a tentative deal with China to de-escalate their damaging, tariff-fuelled trade war – just days before a summit between presidents Donald Trump and Xi Jinping.
President Trump and Xi Jinping to finalise TikTok's US-China sale in Korea, ending months of trade tension and reshaping global tech relations.
Treasury Secretary Scott Bessent said Sunday on CBS News' Face the Nation that China and the United States “ironed out” the details of the TikTok deal, and that an official announcement is expected when the two leaders meet on Thursday. Newsweek has filled out an online press form to contact TikTok for comment on Sunday.
Republican Rep. John Moolenaar, who is the chairman of the House select committee on the Chinese Communist Party, told "Face the Nation with Margaret Brennan" that with the TikTok deal set to be finalized this week that will require divestment of Chinese control of the algorithm,
U.S. Treasury Secretary Scott Bessent announced that the U.S. and China have finalized a deal transferring TikTok’s U.S. operations to American investors, easing trade tensions.
U.S. Treasury Secretary Scott Bessent confirmed on Sunday that the U.S. and China had reached a deal on TikTok.
"All the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea," said US Treasury Secretary Scott Bessent.
President Donald Trump announced potential finalization plans for TikTok with provisional approval from China's Xi Jinping. Trump criticized Canada's trade practices, expressing reluctance to meet with its Prime Minister.
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