China has officially approved the app’s transfer deal, potentially ending the 18-month saga that had millions of Americans on edge.

The U.S. Treasury Secretary made the announcement following President Donald Trump‘s high-stakes meeting with Chinese leader Xi Jinping in Kuala Lumpur, revealing that the long-awaited resolution could finally be within reach. The Treasury chief’s comments come after months of uncertainty surrounding the popular social media platform’s future in the United States. Owned by Chinese company ByteDance, the TikTok app been at the center of national security concerns and legislative battles since the Trump administration first targeted it for potential divestiture.

Bessent’s announcement signals a major breakthrough in U.S.-China relations, with the TikTok transfer deal serving as a key component of broader trade negotiations between the two superpowers. The agreement would reportedly transfer TikTok’s U.S. operations to new ownership, addressing longstanding concerns about data security and foreign influence.

The timing of the announcement is particularly significant, coming just as TikTok faced mounting pressure from lawmakers and regulators who have repeatedly raised alarms about the app’s Chinese ownership.

@cnn

US Treasury Secretary Scott Bessent says they’ve reached a framework deal with Chinese counterparts to keep TikTok operational. CNN’s Omar Jimenez reports. #cnn #news #tiktok #china #usa #tiktokdeal

♬ original sound – CNN
@cbsnews

The United States and China reached a framework deal on TikTok during economic talks in Madrid, Treasury Secretary Scott Bessent said Monday. The agreement would allow the app to continue operating in the U.S., where it faced a Sept. 17 shutdown without U.S. ownership. #tiktok #china #Tech #socialmedia #techtok

♬ original sound – cbsnews

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