Trump and Xi will ‘consummate' TikTok deal on Thursday, treasury secretary says [TechCrunch]
Fox Corporation - Class B (FOX)
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Source: TechCrunch
Bessent had already said last month that the two countries reached a “framework” on a deal during discussions in Madrid, and President Donald Trump subsequently signed an executive order to facilitate the transaction. In a Sunday morning appearance on CBS' Face the Nation , Bessent said the U.S. and China have reached “a final deal on TikTok.” “We reached one 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 on Thursday in Korea,” Bessent said. He declined to discuss the details of the agreement, but added, “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.” Trump has repeatedly extended the deadline of a law that requires TikTok's owner ByteDance to sell the app or see it banned in the United States. Under the terms of his executive order, TikTok's U.S. operations — including its recommendation
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