Anticipated TikTok Deal: High-Stakes Talks Between U.S. and China

U.S. Treasury Secretary Scott Bessent expressed optimism about reaching a final agreement on TikTok. The conclusion is expected after forthcoming talks between President Donald Trump and Chinese leader Xi Jinping this Friday.

Bessent highlighted that the negotiations with Chinese officials earlier in the week took place in Madrid, describing them as extensive and respectful due to China's numerous requests.

The outcome of these high-stakes discussions could significantly impact the future operations of TikTok, a major social media platform, in the U.S.

(With inputs from agencies.)