The future of TikTok in the United States took a major step forward Thursday after China approved a transfer agreement for the popular short-video app.

US Treasury Secretary Scott Bessent confirmed the move, saying he expects the sale to progress over the coming weeks and months.

"In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we'll finally see a resolution to that," Bessent told Fox Business Network following President Donald Trump's meeting with Chinese leader Xi Jinping.

China's Commerce Ministry also issued a statement saying it would "properly handle TikTok-related issues with the United States," signaling cooperation on the deal. TikTok, owned by Beijing-based

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