TikTok, Trump and China
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China, Scott Bessent and TikTok
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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.
US Treasury Secretary Scott Bessent has signalled a tentative deal with China to de-escalate their damaging, tariff-fuelled trade war – just days before a summit between presidents Donald Trump and Xi Jinping.
U.S. Treasury Secretary Scott Bessent announced that the U.S. and China have finalized a deal transferring TikTok’s U.S. operations to American investors, easing trade tensions.
Republican Rep. John Moolenaar, who is the chairman of the House select committee on the Chinese Communist Party, told "Face the Nation with Margaret Brennan" that with the TikTok deal set to be finalized this week that will require divestment of Chinese control of the algorithm,
U.S. Treasury Secretary Scott Bessent confirmed on Sunday that the U.S. and China had reached a deal on TikTok.
Treasury Secretary Scott Bessent said Sunday on CBS News' Face the Nation that China and the United States “ironed out” the details of the TikTok deal, and that an official announcement is expected when the two leaders meet on Thursday. Newsweek has filled out an online press form to contact TikTok for comment on Sunday.
TikTok just took a blow in Virginia. A Richmond judge refused to toss Attorney General Jason Miyares’s lawsuit accusing the app of deceiving parents and hooking kids with addictive content. The ruling means the Commonwealth’s case against TikTok and its China-based parent company,
The world's two largest economies are looking to avert an escalation of their trade war after U.S. President Donald Trump threatened new 100% tariffs on Chinese goods and other tr