Trump and Xi will ‘consummate’ TikTok deal on Thursday, treasury secretary says

According to Treasury Secretary Scott Bessent, the United States and China are prepared to finalize a deal regarding the popular social media platform TikTok on Thursday. The proposed deal would involve the sale of TikTok's US operations to a US-based company, potentially addressing the Trump administration's concerns about national security and data privacy. The details of the potential agreement are still being negotiated, but it is expected to involve the participation of American technology companies. Bessent expressed optimism about the progress of the negotiations, stating that the deal would be "consummated" on Thursday. The TikTok issue has been a source of tension between the US and China, with the Trump administration threatening to ban the app if a deal was not reached. The potential sale of TikTok's US operations is seen as a way to resolve the ongoing dispute and allow the app to continue operating in the country.