Trump administration officials say they have the framework of a deal to save the popular video app. It had until Sept. 17 to be sold by its Chinese owner, ByteDance, or face a ban in the United States.
Treasury Secretary Scott Bessent, who met with He Lifeng, China’s vice premier for economic policy, in Madrid on Monday, said that the two sides had a “framework for a TikTok deal.”
Top economic officials met in Madrid for a second day, with deadlines looming on tariffs and a ban on TikTok in the United States if it is not sold by its Chinese owner, ByteDance.
Treasury Secretary Scott Bessent, center, and Jamieson Greer, the U.S. trade representative, far right, following trade talks with Chinese officials on Monday.
Jamieson Greer, left, the U.S. trade representative, and Scott Bessent, the U.S. Treasury secretary, met for trade talks in May with He Lifeng, China’s vice premier for economic policy, in Geneva.
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