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The Guardian - US
The Guardian - US
Technology
Michael Sainato

US and China reach ‘final deal’ on TikTok sale, treasury secretary says

phone screen with tiktok logo, us and china flags behind it
Scott Bessent’s comments came after Donald Trump signed an executive order on 25 September paving the way for a US-based ownership deal. Photograph: Samuel Boivin/NurPhoto/Shutterstock

The US treasury secretary, Scott Bessent, claimed on Sunday that the US and China have finalized the details of a deal transferring TikTok’s US version to new owners.

“We reached a final deal on TikTok,” Bessent said on Sunday on CBS’s Face the Nation with Margaret Brennan. Alluding to Donald Trump and his Chinese counterpart, Xi Jinping, Bessent continued: “We reached [a deal] in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction” during a meeting scheduled for Thursday in Korea.

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