Trump’s TikTok Deal Will Supposedly Close on Thursday

The U.S. government and China are expected to finalize the deal for TikTok's operations in the United States on Thursday. According to Treasury Secretary Scott Bessent, the deal will be "consummated" during a meeting in South Korea. The agreement involves the sale of TikTok's U.S. business to a group of American companies, including Oracle and Walmart. This move comes after months of negotiations and tensions between the U.S. and China over the popular social media platform. The Trump administration had previously threatened to ban TikTok in the U.S. over national security concerns, citing the app's Chinese ownership and the potential for data sharing with the Chinese government. The deal aims to address these concerns by transferring TikTok's U.S. operations to American control. The finalization of the deal is expected to provide a resolution to the ongoing dispute between the U.S. and China over TikTok's future in the country.