(Photo by Mateusz Slodkowski / SOPA Images/Sipa USA)
(Washington, D.C.) — – A deal for TikTok is close to being done. Treasury Secretary Scott Bessent confirmed there is a “a framework for a TikTok deal” after trade talks between China and the U.S. took place in Madrid today. He says that President Trump and Chinese President Xi Jinping will talk Friday to complete the details. Trump appeared to reference the deal in a Truth Social post Monday morning saying, “A deal was also reached on a “certain” company that young people in our country very much wanted to save.”
TikTok’s China-based owner ByteDance has until Wednesday to sell the popular social media app or have it possibly banned in the U.S.
In the run up to the 2024 election, the Trump campaign effectively used TikTok to lure in new voters. The Trump White House created a TikTok account over the summer. In it’s first video, President Trump promised “to deliver a better life for the people all across this nation”.
