US and China Reach Deal to Keep TikTok Operating in the US

The Trump administration and China have finalized a deal permitting TikTok to continue operating within the United States, concluding a multi-year endeavor. Treasury Secretary Scott Bessent confirmed the agreement, noting President Trump’s upcoming meeting with Chinese leader Xi Jinping on Friday for the finalization of the deal. Bessent highlighted President Trump’s direct involvement, with specific guidance shaping the discussions with Chinese counterparts. Trump’s leadership and influence were essential in reaching the agreement. Diplomats from both nations convened in Spain this week to discuss trade and related issues, with TikTok as a central point of discussion. Bessent, who led the US talks, emphasized the goal of a fair deal for China, balanced with the protection of US national security. The negotiations were influenced by prior legislation which aimed to ban TikTok if its Chinese-based parent company did not divest its US operations. An executive order signed by President Trump delayed enforcement for 75 days. Trump, who had previously supported a ban, adjusted his position before the 2024 election. The President indicated positive progress from the trade meeting in Europe, and an agreement was reached concerning a company that is favored by young people in America.