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China Approved TikTok Transfer Deal, Bessent Says

An official agreement could be finalized in the coming weeks, the U.S. Treasury secretary said.
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China Approved TikTok Transfer Deal, Bessent Says
A TikTok building in Culver City, Calif., on March 17, 2023. Damian Dovarganes/AP Photo
Jill McLaughlin
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China has approved a transfer agreement with the United States for the popular TikTok social media app, U.S. Treasury Secretary Scott Bessent announced on Oct. 30.

Chinese leader Xi Jinping told U.S. President Donald Trump at the beginning of their meeting in South Korea that he would agree to a deal made between Bessent and Chinese officials in Malaysia earlier this week, according to Bessent.

Jill McLaughlin
Jill McLaughlin
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Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.