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

October 26, 2025

, By Techcrunch

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The United States and China are ready to move forward on a TikTok deal, according to Treasury Secretary Scott Bessent.

Bessent had already said last month that the two countries reached a “framework” on a deal during discussions in Madrid, and President Donald Trump subsequently signed an executive order to facilitate the transaction.

In a Sunday morning appearance on CBS’ Face the Nation, Bessent said the U.S. and China have reached “a final deal on TikTok.”

“We reached one in Madrid, and I believe that as of today, all the…

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

October 26, 2025

, Published By Techcrunch

The United States and China are ready to move forward on a TikTok deal, according to Treasury Secretary Scott Bessent.

Bessent had already said last month that the two countries reached a “framework” on a deal during discussions in Madrid, and President Donald Trump subsequently signed an executive order to facilitate the transaction.

In a Sunday morning appearance on CBS’ Face the Nation, Bessent said the U.S. and China have reached “a final deal on TikTok.”

“We reached one in Madrid, and I believe that as of today, all the…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

After viral portraits, Gemini Nano Banana can now create presentations for you in seconds: here’s how to get started

Next News

OpenTelemetry Adoption Update: Rust, Prometheus and Other Speed Bumps

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