The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to de-escalate a trade war.

Treasury Secretary Scott Bessent said during a CBS interview that Presidents Donald Trump and Xi Jinping will likely approve a TikTok sale on Oct. 30.

This comes about a month after President Donald Trump signed an executive order declaring that the new TikTok deal met the requirements of the 2024 law that banned TikTok from operating in the U.S. At the time, Vice President JD Vance said the deal values the U.S. TikTok assets at $14 billion, as Deadline reported.

The US and China have finalized a deal to transfer the American version of TikTok to new owners, Treasury Secretary Scott Bessent revealed on Sunday.

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.

The Trump administration is finalizing a deal with China to keep TikTok operational in the US. Despite extensive legal and political challenges, a resolution may soon be announced, amid ongoing debates about data privacy and user security.

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.

JFNA CEO Eric Fingerhut cited TikTok’s new owners’ ties to the Jewish community as an an encouraging sign The TikTok logo is displayed on signage outside TikTok social media app company offices in Culver City,