The US and China have finalized a deal to transfer majority ownership of the American version of TikTok to new owners, Treasury Secretary Scott Bessent revealed on Sunday.
The United States and China have reached a final agreement on the transfer of TikTok’s ownership, resolving a long-standing dispute over the popular video-sharing platform’s ties to the Chinese Communist Party. Treasury Secretary Scott Bessent announced the deal during an appearance on CBS News’ Face the Nation , stating that President Trump and Chinese leader Xi Jinping will officially “consummate” the agreement during their upcoming meeting in Busan, South Korea on…
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