Trump suggests a TikTok deal has finally been reached with China

On Monday, President Donald Trump indicated that a significant agreement may have been reached with China, enabling TikTok to continue its operations in the United States. This development marks a potential conclusion to an ongoing saga that began during his first term in office. "The big Trade Meeting in Europe between the United States and China has gone VERY WELL! It will be concluding shortly," Trump stated in a post on Truth Social. He further added, "A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday." This week, U.S. and Chinese diplomats have convened in Madrid to engage in discussions about trade and various other issues. Treasury Secretary Scott Bessent, who is leading the latest round of negotiations, noted that TikTok is among the topics likely to be addressed. Throughout this process, Trump has repeatedly postponed a self-imposed deadline to finalize a deal that would require TikTok's China-based owners to sell at least a portion of their stake in the U.S. operations to an American-backed entity. A bipartisan bill, which was passed by Congress and subsequently signed into law by former President Joe Biden, prohibits TikTok's operations in the U.S. unless its parent company divests its interest in the American assets of the platform. The latest deadline for this divestment was set for September 17, and this story continues to evolve as new information emerges.