A deal has been struck between the Trump administration and China to ensure TikTok remains operational within the United States. The agreement concludes a multi-year effort initiated during President Donald Trump’s initial term. Treasury Secretary Scott Bessent confirmed the finalization of a framework agreement, stating that President Trump will meet with Chinese leader Xi Jinping on Friday to finalize the deal. Bessent highlighted Trump’s pivotal role, noting specific guidance from him was shared with Chinese counterparts, contributing significantly to the deal’s inclusion. Diplomatic discussions between the two nations have been ongoing in Spain this week, with trade and related matters on the agenda, and TikTok serving as a central focus. Bessent emphasized the emphasis on creating a fair deal for China while safeguarding US national security, the deal reached reflects these key priorities. The negotiations followed legislation passed by Congress and signed into law during Joe Biden’s presidency, which would have banned TikTok in the US unless its Chinese parent company divested from its US operations. An executive order from President Trump delayed enforcement for 75 days. Trump, previously an advocate for a TikTok ban, adjusted his stance, perceiving the platform’s influence in his campaign success ahead of the 2024 election. The President expressed optimism on the trade meeting in Europe, indicating positive progress and noting an agreement concerning a ‘certain’ company, which young Americans were eager to preserve.
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