Trump and Xi will ‘consummate’ TikTok deal on Thursday, treasury secretary says

News Snapshot:

The United States and China are ready to move forward on a TikTok deal, according to Treasury Secretary Scott Bessent. Bessent had already said last month that the two countries reached a “framework” on a deal during discussions in Madrid, and President Donald Trump subsequently signed an executive order to facilitate the transaction. In a Sunday morning appearance on CBS’ Face the Nation, Bessent said the U.S. and China have reached “a final deal on TikTok.” “We reached one in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the...