Once again, the Trump administration is hyping a deal that could see TikTok finally sold to US owners to avoid a nationwide ban that Congress successfully argued was otherwise necessary to protect national security.
On Monday, Treasury Secretary Scott Bessent confirmed that the US and China had ironed out a "framework" for the deal, but ultimately, Donald Trump will be responsible for closing the deal on a call this Friday with China's president, Xi Jinping, CNBC reported . Critically, Bessent said that the framework pointed to a "switch to US-controlled ownership," the South China Morning Post (SCMP) reported .
Presumably TikTok won't shut down ahead of Trump's call with Xi, but TikTok risked going dark as soon as Wednesday. That's the latest deadline for the forced sale after Tr