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U.S.-China Deal to Avert TikTok Ban May be Close, Trump Official Says

NYT > Business > Media · David McCabe and Lauren Hirsch · last updated

American officials say they are close to a deal to save TikTok. Again.

The United States and China have reached the “framework for a deal” on the app that had evaded the two sides all year, Treasury Secretary Scott Bessent told reporters on Monday after talks between the two governments.

But further details about a deal for TikTok, which is owned by the Chinese internet giant ByteDance, were not revealed. President Trump and President Xi Jinping of China will talk on Friday to “complete” the deal, Mr. Bessent said.

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Related Knowledge Center: The TikTok ban

State of Play

The U.S. Congress passed and President Joe Biden signed into law a measure banning TikTok if it weren’t sold by its Chinese ownership. But now-President Donald Trump gave the service a reprieve, and a sale of its U.S. operations appears imminent.

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