The U.S. and China have finalized a TikTok ownership deal that President Donald Trump and Chinese President Xi Jinping will “consummate” when they meet this week in South Korea, Treasury Secretary Scott Bessent said Sunday.
While appearing on CBS News’ “Face the Nation,” Bessent confirmed that the long-negotiated agreement over the popular short-video app has cleared its final hurdles.
“We reached a final deal on TikTok,” Bessent said from Kuala Lumpur, Malaysia, where he’s traveling with the president.
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