US Treasury Secretary Scott Bessent The United States and China have reached a Tiktok framework agreement. Bessent spoke to reporters in Madrid after two days of talks with his Chinese counterparts: “This is between two private parties, but the business terms have been agreed.” President Trump He will talk to Xi Jinping on Friday about potential transactions and other aspects.
Earlier this summer, the Trump administration extended the Tiktok ban for the third time, a breakthrough that was made on September 17 when sales were made or facing a U.S. ban. More and more video content apps face increasing scrutiny on national security issues due to China’s ownership of its parent company.
President Trump released The app is banned in the US in August 2020 unless it exits the beast Execute the command. In 2024, the U.S. Congress passed That’s By then President Biden. The Trump administration has repeatedly delayed the enforcement of the law, hoping that a deal could be reached to reach a headquarters acquisition while keeping the app online.
For now, this seems to be the framework for how Tiktok is under control rather than the final deal signed. The company comes from arrive Express interest in the acquisition of Tiktok, the president is It’s like saying that if a “very American company” buys it, he’ll be fine. It is not clear whether the September 17 deadline will push again, but U.S. Trade Representative Jamieson Greer said on Monday that another delay could be needed to get the deal signed.
