Technology10/26/2025•The Guardian
US and China reach ‘final deal’ on TikTok sale, treasury secretary says
The US and China have reached a "final deal" on the sale of TikTok's US operations, according to US Treasury Secretary Scott Bessent. The deal is said to be part of a broader trade framework between the two countries. Bessent did not provide any details on the transfer of ownership or the new owners of the platform. The announcement comes amid ongoing concerns over TikTok's data privacy and security issues, with the US government previously threatening to ban the app unless it was sold to an American company. The deal is expected to be finalized during a meeting between US President Donald Trump and Chinese President Xi Jinping scheduled for this week.
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