U.S. and China establish preliminary agreement on TikTok deal; Trump and Xi to discuss further on Friday to finalize
In a significant development, the long-standing saga surrounding TikTok's future in the United States is set to reach its conclusion. The deal regarding the popular social media platform is set to be finalised in a meeting between President Donald Trump and Chinese President Xi Jinping on September 19, 2025, according to reports.
The meeting will take place in Europe, and the person who will negotiate the deal on behalf of the U.S. is Treasury Secretary Scott Bessent. Bessent confirmed a framework agreement had been reached between the U.S. and China involving private parties. The deal ensures TikTok can continue operating in the U.S. and involves spinning off the U.S. TikTok business into a separate company primarily led by U.S. investors.
The deal comes after President Joe Biden signed a law last year that banned TikTok and other apps controlled by foreign adversaries. The law took effect on January 19, 2025, after surviving a Supreme Court challenge. President Trump initially provided a 75-day delay in enforcing the law, followed by a 90-day delay in June, and another 75-day extension in April. A short extension of the Sept. 17 deadline for the TikTok deal may still be possible.
However, the confirmed bidder for TikTok has stated that they do not want a fourth stay of execution for the app. The U.S. is not willing to sacrifice national security for a social media app like TikTok, according to Bessent. China had reportedly sought concessions from the U.S. on trade and technology policy in exchange for divesting from TikTok, as stated by Bessent previously.
TikTok users will undoubtedly be pleased about the deal, which ensures the continuation of their favourite platform in the U.S. The exact details of the agreement are yet to be confirmed, with the final agreement to be confirmed in a call between Trump and Chinese President Xi Jinping.
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