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US Treasury Secretary Scott Bessent has said that the Donald Trump administration has reached a framework agreement regarding TikTok.
US Treasury Secretary Scott Bessent on Monday said that a “framework agreement” has been reached regarding TikTok.
“We have a framework for a TikTok deal,” Bessent said, according to The New York Times.
Around the same time, President Donald Trump suggested that his administration had reached a deal with China regarding TikTok during ongoing trade talks.
In a Truth Social post, Trump said that “a deal was also reached on a ‘certain’ company that young people in our country very much wanted to save” in an apparent reference to TikTok.
Trump further said that he will hold a telephone call with Chinese President Xi Jinping on Friday. The formal announcement is expected to be made that day.
Trump has until Wednesday to secure a deal to separate the US operations of TikTok from its Chinese owner ByteDance. In the absence of any deal, TikTok will face a ban in the United States. As TikTok had helped Trump win in the 2024 presidential election, Trump had committed to save the app from a ban irrespective of bipartisan security concerns and independent research showing how the platform has served as the propaganda outlet of the Communist Party of China (CPC).
This is a developing story.
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