Bessent says US, China have reached ‘framework’ for TikTok deal ahead of looming ban

Treasury Secretary Scott Bessent said Monday that a “framework” on a deal to transfer TikTok to US ownership has been reached — as a possible ban looms this week over the wildly popular, China-owned app.

President Trump on Monday touted upbeat negotiations on social media after Bessent said details soon would be ironed out between Trump and Chinese Premier Xi Jinping, who are expected to speak on Friday.

“The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly,” Trump wrote Monday in a post on Truth Social...