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    Home > Headlines > US Treasury Secretary Bessent says framework of deal on TikTok reached
    Headlines

    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 read

    Last updated: January 21, 2026

    US Treasury Secretary Bessent says framework of deal on TikTok reached - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Presidentinnovationfinancial communityinternational capitaltrade securities

    Quick Summary

    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.

    US Treasury Secretary Announces TikTok Deal Framework in Madrid

    (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)

    Key Takeaways

    • •US Treasury Secretary Scott Bessent announced a TikTok deal framework.
    • •The deal was discussed during trade talks in Madrid.
    • •The framework aims to transition TikTok to US ownership.
    • •Further details will be discussed by Trump and Xi Jinping.
    • •The announcement was made on Monday.

    Frequently Asked Questions about US Treasury Secretary Bessent says framework of deal on TikTok reached

    1What did US Treasury Secretary Scott Bessent announce?

    Scott Bessent announced that a framework for a deal on TikTok had been reached during trade talks with China in Madrid.

    2When will further details about the TikTok deal be discussed?

    Further details will be determined in a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping on Friday.

    3What was the correction made in the article?

    The article was corrected to change Scott Bessent's title from Trade Secretary to Treasury Secretary in the headline.

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