US EditionTrump-Xi Summit To Consummate Final TikTok Deal, Bessent Says
- President Trump and Chinese President Xi Jinping will finalize a deal on TikTok ownership on Thursday in South Korea, as confirmed by Treasury Secretary Scott Bessent.
- The deal mandates that TikTok's parent company, ByteDance, retain less than a 20% stake, with U.S. investors holding the remaining 80%.
- Representative John Moolenaar expressed concerns about continued Chinese involvement due to ByteDance's minority ownership, stating there is reason for distrust.
- Bessent noted that the 155% tariff on Chinese imports is now off the table, signaling eased trade tensions between the U.S. and China.
12 Articles
12 Articles
TikTok Shake‑Up, Trump Strikes Huge Deal with China
The United States and China have reached a final agreement to transfer majority ownership of TikTok to American hands, with the official signing set to occur this Thursday during a high-stakes meeting between President Donald Trump and Chinese President Xi Jinping in Busan, South Korea. Treasury Secretary Scott Bessent confirmed the deal on Sunday, stating that all terms had been ironed out and the final step would be the formal signing between …
US Treasury Secretary Scott Bessent said on Sunday that the US and China have finalized the details of a deal that would transfer the US version of TikTok to new owners. "We have reached a final agreement on TikTok," Bessent said on CBS's Face the Nation with Margaret Brennan on Sunday. Referring to Donald Trump and his Chinese counterpart, Xi Jinping, Bessent continued: "We reached [an agreement] in Madrid and I believe that as of today, all th…
Bessent: Final TikTok Deal Reached, Trump and Xi to Seal Agreement in Korea - Real News Now
Treasury Secretary Scott Bessent announced Sunday that the long-awaited TikTok agreement has been finalized, clearing the way for President Donald Trump and Chinese President Xi Jinping to formally conclude the deal during their upcoming summit in South Korea. “We reached a final deal on TikTok, we reached one in Madrid,” Bessent said on Face the Nation. “I believe that as of today, all the details are ironed out, and that will be for the two le…
Trump-Xi Summit To Consummate Final TikTok Deal, Bessent Says
The long-awaited deal to restructure TikTok’s U.S. operations is expected to be finalized this Thursday when President Trump meets with Chinese President Xi Jinping in South Korea, according to Treasury Secretary Scott Bessent. Speaking on CBS News’ “Face the Nation with Margaret Brennan” on Sunday from Kuala Lumpur, Bessent stated, “We reached a final deal […] Trump-Xi Summit To Consummate Final TikTok Deal, Bessent Says
The US Treasury Secretary says that both countries have reached a "definitive" agreement on TikTok and that it will have to be closed at the hypothetical high-level meeting between Donald Trump and Xi Jinping Thursday in South Korea
President Donald Trump said he could discuss a decline in Chinese purchases of Russian oil with Xi Jinping following U.S. sanctions on two major oil companies and expressed disappointment with Vladimir Putin for his conduct in the war in Ukraine. Trump, speaking with journalists on his way to Asia to meet with leaders, including Xi, said he hopes his Thursday talks with the Chinese president will result in “a full deal.” An increasingly tense co…
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