US Treasury Secretary Bessent says framework of deal on TikTok reached
Published by Global Banking and Finance Review
Posted on September 15, 2025
1 min readLast updated: January 21, 2026
Published by Global Banking and Finance Review
Posted on September 15, 2025
1 min readLast updated: January 21, 2026
US Treasury Secretary Scott Bessent announced a framework for a TikTok deal in Madrid, aiming for US ownership. Further details await Trump and Xi's meeting.
(This story has been corrected to change Scott Bessent's title to Treasury Secretary, from Trade Secretary, in the headline)
MADRID (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday that a framework for a deal on TikTok had been reached in trade talks with the Chinese in Madrid, that would pave the way for a switch to US ownership.
Bessent said further details would wait to be determined in a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping when they speak on Friday.
(Reporting by David Lawder, Pietro Lombardi, Writing by Inti Landauro)
Scott Bessent announced that a framework for a deal on TikTok had been reached during trade talks with China in Madrid.
Further details will be determined in a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping on Friday.
The article was corrected to change Scott Bessent's title from Trade Secretary to Treasury Secretary in the headline.
Explore more articles in the Headlines category