A deal has been reached between the Trump administration and China to keep TikTok operational in the United States , administration offic...
A deal has been reached between the Trump administration and China to keep TikTok operational in the United States, administration officials announced Monday, concluding a years-long effort that began during President Donald Trump’s first term.
US Treasury Secretary Scott Bessent said that a framework agreement has been reached, and Trump will meet with Chinese leader Xi Jinping Friday to finalize the deal.
Bessent stated in Madrid on Monday, "President Trump played a role in this; we had a call with him last night, we had specific guidance from him, and we shared it with our Chinese counterparts." "We would not have been able to include the deal today without his leadership and the leverage he provides." This week, diplomats from China and the United States met in Spain to discuss trade and other issues. Bessent, leading the latest round of trade talks with China on behalf of the United States, had said that TikTok was one of the subjects likely to be discussed.
“We were very focused on TikTok and making sure that it was a deal that is fair for the Chinese and completely respects US national security concerns, and that’s the deal we reached,” Bessent said.“And of course, we want to ensure that the Chinese have a fair, invested environment in the United States, but always that US national security comes first.”
Trump has extended multiple times a self-imposed deadline to reach a deal with China to sell at least part of its US TikTok business to an American-backed owner. A bipartisan bill passed by Congress and signed by former President Joe Biden banned TikTok in the United States unless its China-based owner divested its stake in the US assets of the social media company.
On January 18, the day before the Foreign Adversary Controlled Applications Act went into effect, TikTok briefly went dark in the United States. But on January 19, one day before Trump took office for his second term, he said he would sign an executive action upon the beginning of his term that would ensure US companies would not be punished for hosting TikTok on their app stores or servers.
The executive order was signed on January 20 and put a 75-day hold on the law's implementation. Trump extended the deadline again in June.The deadline had most recently been extended to September 17, but Trump was widely expected to move the deadline again if a deal didn’t come together in time.
The law gives the president broad discretion on how to enforce the ban.However, Trump's extensions, according to critics, went against Congress's wishes. Trump, toward the end of his first term, had advocated for banning TikTok—a policy he never got passed but which Biden eventually supported and signed into law. But Trump’s opinion eventually changed after he viewed the social media app as contributing to his election victory in 2024.
“The big Trade Meeting in Europe between The United States of America and China, has gone VERY WELL! It will be concluding shortly,” Trump said Monday in a post on Truth Social. “An agreement was also reached regarding a "certain" company that young people in our nation had a strong desire to save. They will be very happy! I will be speaking to President Xi on Friday.”
This is a developing story and will be updated.
Trump on Monday hinted that a deal was close.
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