It is reported Finance Minister Scott Bessent.
President Trump plans to meet with Chinese President Xi Jinping on Friday, and the two are expected to discuss the fate of China-owned social media platforms. The deadline for Wednesday, September 17 has been imminent to solve the problem, but this may have passed before there is a definite news Tiktok ownership will be transferred For companies or platforms in the United States, As beforeunder federal law passed last year.
According to Bessent, the two countries reached a preliminary agreement and “the commercial terms have been agreed.”
Neither Tiktok nor the Treasury responded to requests for comment immediately.
A deal on Tiktok has become complicated by ongoing trade deals between the United States and China and a new ruling against the U.S. NVIDIA. China claims Nvidia has Violation of antitrust laws in the country.
