{"id":1445,"date":"2025-10-30T15:14:05","date_gmt":"2025-10-30T16:14:05","guid":{"rendered":"https:\/\/globaltaalenthq.com\/?p=1445"},"modified":"2025-11-03T09:10:46","modified_gmt":"2025-11-03T09:10:46","slug":"bessent-says-tiktok-deal-finalized","status":"publish","type":"post","link":"https:\/\/globaltaalenthq.com\/index.php\/2025\/10\/30\/bessent-says-tiktok-deal-finalized\/","title":{"rendered":"Bessent says TikTok deal finalized"},"content":{"rendered":"<p>Treasury Secretary Scott Bessent said Thursday the U.S. and China have finalized an agreement on TikTok that would allow the popular social media platform to remain available in the U.S.&nbsp;<\/p>\n<p>\u201cIn Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval,\u201d Bessent told Fox\u00a0Business\u2019 \u201cMornings with Maria.\u201d\u00a0\u201cAnd I would expect that would go forward in the coming weeks and months, and we\u2019ll finally see a resolution to that.\u201d\u00a0<\/p>\n<p> \u201cAnd I would expect that would go forward in the coming weeks and months, and we&#8217;ll finally see a resolution to that.\u201d\u00a0<\/p>\n<p>President Trump <a href=\"https:\/\/thehill.com\/policy\/technology\/5522176-trump-signs-tiktok-deal\/\" target=\"_blank\" rel=\"noreferrer noopener\">approved the deal<\/a> last month after receiving the \u201cgo-ahead\u201d from Chinese President Xi Jinping. Under the agreement, TikTok will be spun off into a separate U.S. entity, majority owned by American investors such as Oracle and Silver Lake. &nbsp;<\/p>\n<p>The deal seeks to limit the role of TikTok\u2019s China-based parent company, ByteDance, to comply with a 2024 law requiring the firm to divest from TikTok or face a ban on U.S. networks and app stores.&nbsp;<\/p>\n<p>The app&#8217;s future remained in limbo for nine months, as Trump repeatedly delayed enforcement of the divest-or-ban law in an effort to reach a deal to \u201csave\u201d TikTok, which he had promised to do during his 2024 campaign.&nbsp;<\/p>\n<p>China, meanwhile, has continued to offer more tepid assessments of the status of the TikTok deal. A spokesperson for the Chinese Ministry of Commerce said Thursday that Beijing had agreed to work with the U.S. to resolve issues related to TikTok. &nbsp;<\/p>\n<p>The latest development on the TikTok deal came as Trump and Xi met in South Korea. The highly anticipated meeting saw the two world leaders agree to <a href=\"https:\/\/thehill.com\/policy\/international\/5580673-trump-xi-meeting-tariffs-trade-war\/\">ease recent trade tensions<\/a>, with the U.S.&nbsp;scaling back tariffs&nbsp;and China delaying export controls on rare earth minerals and resuming some soybean purchases.&nbsp; &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Scott Bessent said Thursday the U.S. and China have finalized an agreement on TikTok that would ...<\/p>","protected":false},"author":1,"featured_media":1447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/1445"}],"collection":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/comments?post=1445"}],"version-history":[{"count":1,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/1445\/revisions"}],"predecessor-version":[{"id":1446,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/1445\/revisions\/1446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/media\/1447"}],"wp:attachment":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/media?parent=1445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/categories?post=1445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/tags?post=1445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}