US and China reach ‘final deal’ on TikTok sale, treasury secretary says

The Guardian - World NewsCenter-LeftEN 2 min read 100% complete by Michael SainatoOctober 26, 2025 at 05:25 PM

AI Summary

medium article 2 min

US Treasury Secretary Scott Bessent announced that the US and China have finalized a deal for the transfer of TikTok’s US operations to new American owners, with details expected to be formalized during a meeting between President Trump and Chinese leader Xi Jinping in Korea on Thursday. The $14 billion deal includes majority ownership by US investors and oversight of TikTok's algorithm. This agreement is part of broader trade discussions between the two nations. The transfer comes after Congress passed a ban on the app, set to take effect January 2025, which was extended multiple times as negotiations progressed.

Key Topics & Entities

Korea 40% Madrid 40% CBS’s Face the Nation with Margaret Brennan 50% Xi Jinping ×260% Donald Trump ×370% Scott Bessent ×480% China ×380% US ×490% TikTok ×5100%

Keywords

tiktok sale 100% us-china deal 90% treasury secretary 80% trade deal 70% new ownership 60% algorithm oversight 50% executive order 50% southeast asian summit 40%

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Positive

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The Guardian - World News

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Center-Left (-0.40)

Far LeftCenterFar Right

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90%

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United States

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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tiktok sale us-china deal treasury secretary trade deal new ownership algorithm oversight executive order southeast asian summit

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