President Donald Trump tried to ban TikTok throughout his first time period, however throughout his second time period he says he’s a “fan” of the social video-sharing app.
The U.S. and China agreed on a framework deal to permit TikTok to maintain working within the U.S. amid commerce negotiations because the social media app confronted being shut down as early as Wednesday with out motion.
“The framework for a change to a U.S.-controlled possession,” Bessent informed reporters in Madrid following two days of negotiations with the Chinese language delegation.
President Donald Trump is planning to carry a telephone name with Chinese language President Xi Jinping on Friday to finalize the deal.
U.S. Commerce Consultant Jamieson Greer stated that there could also be a brief extension of the Sept. 17 deadline, whereas Bessent added that “It might not have been prolonged with no framework.”
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President Trump will finalize the TikTok deal on Friday. (Getty Photographs / Getty Photographs)
Bessent beforehand stated that China sought concessions from the U.S. on commerce and know-how coverage in trade for divesting from TikTok.
“Our Chinese language counterparts have include a really aggressive ask,” Bessent stated, whereas the treasury secretary added, “We’re not prepared to sacrifice nationwide safety for a social media app.”
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President Donald Trump and Chinese language President Xi Jinping will meet on Sept. 19, 2025, to finalize a TikTok deal. (Getty Photographs / Getty Photographs)
Trump took to his Reality Social platform to say that, “The massive Commerce Assembly in Europe between The US of America and China, has gone VERY WELL! It will likely be concluding shortly.”
“A deal was additionally reached on a ‘sure’ firm that younger folks in our Nation very a lot needed to avoid wasting. They are going to be very blissful! I will probably be talking to President Xi on Friday,” Trump added. “The connection stays a really robust one!!!”
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TikTok is owned by China-based mum or dad firm ByteDance. (AaronP/Bauer-Griffin/GC Photographs / Getty Photographs)
Final yr, Congress enacted a regulation signed by then-President Joe Biden that banned TikTok and different apps managed by overseas adversaries. After it survived a Supreme Court docket problem, the regulation took impact on Jan. 19, 2025, although it allowed a 90-day extension.
The app was banned amid nationwide safety considerations over the Chinese language authorities’s entry to person knowledge and its means to function a platform for overseas affect operations.
TikTok’s China-based mum or dad firm, ByteDance, refused to promote the social media platform and after President Trump took workplace, he issued an preliminary 75-day delay in implementing the regulation.
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Trump then offered one other 75-day extension in April – when a dispute over tariffs derailed a pending deal on TikTok’s divestment – adopted by a 90-day delay in June that was as a consequence of expire this week.
Reuters contributed to this report.