China, Trump and TikTok
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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 said on “Face the Nation” on Sunday that China and the United States had reached “a final deal on TikTok,” but offered few details.
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.
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.
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,
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.
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,
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.
"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.
U.S. Treasury Secretary Scott Bessent confirmed on Sunday that the U.S. and China had reached a deal on TikTok.
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,
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