A deal has been finalized between the Trump administration and China, ensuring TikTok’s continued operation in the United States. This agreement concludes a sustained effort that started during President Donald Trump’s initial term. US Treasury Secretary Scott Bessent confirmed the completion of a framework agreement, and President Trump will meet with Chinese leader Xi Jinping on Friday to finalize the terms. Bessent acknowledged President Trump’s crucial role, highlighting his direct input in discussions with Chinese representatives. Without Trump’s leadership and influence, the agreement would not have been possible. Diplomatic talks between the two nations took place in Spain this week, with trade and related matters, particularly TikTok, taking center stage. Bessent, the lead negotiator for the US, stated the focus was on securing a fair deal for China while addressing US national security interests. These discussions followed legislation passed by Congress during Joe Biden’s presidency, which would have effectively banned TikTok in the United States unless its Chinese parent company divested its US operations. An executive order, signed by President Trump, initially postponed enforcement for 75 days. Trump, who previously advocated for a TikTok ban, changed his stance ahead of the 2024 election. On Monday, the President expressed optimism regarding the European trade meeting, and the parties were able to reach an agreement concerning a ‘certain’ company that has the support of many young Americans.
