US Treasury Secretary Scott Bessent confirmed the finalization of an agreement on TikTok, following months of negotiations over Chinese control of the app’s algorithm.

“We reached a final deal… and I believe that as of today, all the details are ironed out,” speaking to CBS from Kuala Lumpur, Bessent said, noting that the leaders would formalize the arrangement in South Korea.

“My remit was to get the Chinese to agree to approve the transaction, and I believe we successfully accomplished that over the past two days,” he said.

Tariff truce ahead of Trump-Xi meeting

Bessent says Washington and Beijing have reached a truce in their tariff standoff, easing fears of a major escalation in trade tensions. Bessent said President Donald Trump’s threat of a 155% tariff on Chinese goods would no

See Full Page