Bessent Says Trump’s Threat of TikTok Shutdown Delivered Deal
The U.S. Treasury Secretary, Scott Bessent, stated that the threat of shutting down TikTok in the United States was the key factor that led to the framework deal reached in Madrid. The deal would see the American version of the social media platform transferred to U.S. ownership, effectively severing its ties with the Chinese parent company, ByteDance. Bessent's comments suggest that the Trump administration's willingness to take drastic action, such as banning the app, played a crucial role in securing the agreement. The deal aims to address the U.S. government's concerns about TikTok's potential national security risks, while allowing the platform to continue operating in the American market under new ownership.
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