US Treasury Secretary Scott Bessent has said that the United States and China have reached a framework deal on TikTok. Speaking to reporters in Madrid after two days of talks with his Chinese counterparts, Bessent said, “It’s between two private parties, but the commercial terms have been agreed upon.” President Trump said in a Truth Social post that he will be speaking with Xi Jinping this Friday regarding the potential deal, among other things.
This breakthrough comes after the Trump administration extended the TikTok ban for a third time earlier this
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