The phone call will finalize a deal on social media platform TikTok, Treasury Secretary Scott Bessent has said<\/p>\n
US President Donald Trump has announced an upcoming phone call with his Chinese counterpart, Xi Jinping, this week. The two leaders are expected to finalize a deal on the social media platform TikTok, according to Treasury Secretary Scott Bessent.
\nThe remarks come after the latest round of US-China trade talks in Spain, held amid strained relations and a looming divestiture deadline for the app, owned by Chinese company ByteDance.
\n\u201cI will be speaking to President Xi on Friday,\u201d Trump wrote on Truth Social on Monday, noting that the latest meeting \u201chas gone VERY WELL!\u201d and \u201cwill be concluding shortly.\u201d He added that a deal was reached on a \u201ccertain\u201d company that young Americans \u201cvery much wanted to save.\u201d
\nSpeaking to reporters in Madrid, Bessent confirmed that the sides had agreed to a \u201cframework for a TikTok deal\u201d and that Trump\u2019s call with Xi would \u201ccomplete\u201d the agreement.
\nChina\u2019s top trade negotiator, Li Chenggang, confirmed that the talks reached a \u201cbasic consensus\u201d on issues including TikTok, stressing that Beijing \u201cwill never seek to reach any agreement at the expense of its principled stance, corporate interests, and international fairness and justice.\u201d<\/p>\n
The announcement comes ahead of the September 17 deadline for TikTok to be sold or face a ban in the US. The measure stems from a law passed last year that required ByteDance to divest its ownership by January 2025. The app briefly went offline and was removed from stores after missing that deadline. However, Trump, who had then just returned to office, granted TikTok more time, pushing the cutoff back and since extending the deadline multiple times to keep the platform accessible to its 170 million American users.<\/p>\n
READ MORE: Trump unveils TikTok rescue plan<\/p>\n
If finalized, the deal would settle a protracted dispute over the future of the hugely popular video app. US officials have long alleged that TikTok poses a national security risk, claiming Beijing could exploit the platform to obtain sensitive data on Americans \u2013 accusations the company has denied.<\/p>\n","protected":false},"excerpt":{"rendered":"
The phone call will finalize a deal on social media platform TikTok, Treasury Secretary Scott Bessent has said US President Donald Trump has announced an upcoming phone call with his…<\/p>\n","protected":false},"author":1,"featured_media":18213,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,3,5],"tags":[],"class_list":["post-18212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics","category-society"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/18212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18212"}],"version-history":[{"count":0,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/18212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/media\/18213"}],"wp:attachment":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}