US Treasury Secretary Scott Bessent has said that the Donald Trump administration has reached a framework agreement regarding TikTok.
US Treasury Secretary Scott Bessent on Monday said that a “framework agreement” has been reached regarding TikTok.
“We have a framework for a TikTok deal,” Bessent said, according to The New York Times.
Without going into details of the agreement, Bessent said that “getting to this framework was made possible by President Trump”.
Around the same time, in an apparent reference to TikTok, President Donald Trump said in a Truth Social post that “a deal was also reached on a ‘certain’ company that young people in our country very much wanted to save”. He further said that he will hold talks with Chinese President Xi Jinping on Friday.
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Referring to the Trump-Xi call, Bessent said that “they will have to confirm the deal” — suggesting that a formal announcement could be made after the call.
Trump has until Wednesday to secure a deal to separate the US operations of TikTok from its Chinese owner ByteDance. In the absence of any deal, TikTok will face a ban in the United States. As TikTok had helped Trump win in the 2024 presidential election, Trump had committed to save the app from a ban irrespective of bipartisan security concerns and independent research showing how the platform has served as the propaganda outlet of the Communist Party