The U.S. and China are set to "consummate" the deal this week in South Korea, Treasury Secretary Scott Bessent says.

President Donald Trump and Chinese President Xi Jinping could "consummate" the TikTok deal announced last month when they meet on Thursday, Treasury Secretary Scott Bessent said.

Bessent says that he is confident that he has been able to negotiate a passage for the deal with Chinese officials, though he did also note that this was only finalized in recent days. Which makes Trump’s announcement that he was signing off on the deal last month an even more unusual spectacle.

After Tiktok challenged the law on First Amendment grounds, a unanimous ruling from the Supreme Court upheld the measure, finding merit in national security concerns centered on potential user data collection or content manipulation.

President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.

Treasury Secretary Scott Bessent made it clear how excited his boss is about saving TikTok. During an interview on CBS’ Face the Nation, Bessent, 63, told Margaret Brennan that Donald Trump is finalizing a deal with President Xi Jinping to keep the Chinese-owned social media platform operating in the United States.

Kevin O'Leary is urging that U.S.-based TikTok entrepreneurs receive a stake in the platform's planned $14 billion U.S. sale.

SELL on TikTok, promote the Philippines? The Department of Tourism (DOT) has partnered with the popular social media company to improve the promotion of services for micro, small, and medium tourism enterprises (MSMEs).