September 15, 2025 4:21 PM
US, China close to TikTok deal but it could depend on trade concessions, Bessent says
The United States and China are close to reaching an agreement on social media platform TikTok but a deal could hinge on Chinese demands for trade concessions, U.S. Treasury Secretary Scott Bessent said on Monday before entering a second day of talks in Madrid. The U.S. and China delegations are discussing the divestment from TikTok by Chinese owner Bytedance as part of broader talks on tariffs and economic policy. "Our Chinese counterparts have come with a very aggressive ask," Bessent told r...