GBAF Logo
Headlines

US Treasury Secretary Bessent says framework of deal on TikTok reached

Published by Global Banking & Finance Review

Posted on September 15, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
US Treasury Secretary Bessent says framework of deal on TikTok reached
President innovation financial community international capital trade securities
Global Banking & Finance Awards 2026 — Call for Entries

(This story has been corrected to change Scott Bessent's title to Treasury Secretary, from Trade Secretary, in the headline) MADRID (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday

US Treasury Secretary Announces TikTok Deal Framework in Madrid

(This story has been corrected to change Scott Bessent's title to Treasury Secretary, from Trade Secretary, in the headline)

MADRID (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday that a framework for a deal on TikTok had been reached in trade talks with the Chinese in Madrid, that would pave the way for a switch to US ownership.

Bessent said further details would wait to be determined in a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping when they speak on Friday.

(Reporting by David Lawder, Pietro Lombardi, Writing by Inti Landauro)

Key Takeaways

  • US Treasury Secretary Scott Bessent announced a TikTok deal framework.
  • The deal was discussed during trade talks in Madrid.
  • The framework aims to transition TikTok to US ownership.
  • Further details will be discussed by Trump and Xi Jinping.
  • The announcement was made on Monday.

Frequently Asked Questions

What did US Treasury Secretary Scott Bessent announce?
Scott Bessent announced that a framework for a deal on TikTok had been reached during trade talks with China in Madrid.
When will further details about the TikTok deal be discussed?
Further details will be determined in a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping on Friday.
What was the correction made in the article?
The article was corrected to change Scott Bessent's title from Trade Secretary to Treasury Secretary in the headline.

Tags

Related Articles

Image for Buckingham Palace says King Charles' trip to the US to go ahead

Buckingham Palace says King Charles' trip to the US to go ahead

Image for Italy to extradite suspected Chinese hacker wanted by US authorities, says source

Italy to extradite suspected Chinese hacker wanted by US authorities, says source

Image for Soccer-Chelsea reach FA Cup final with 1-0 win over Leeds

Soccer-Chelsea reach FA Cup final with 1-0 win over Leeds

Image for Netanyahu's biggest rivals join forces for Israel's next election

Netanyahu's biggest rivals join forces for Israel's next election

Image for Israel issues evacuation warning for seven Lebanese towns beyond 'buffer zone'

Israel issues evacuation warning for seven Lebanese towns beyond 'buffer zone'

Image for Athletics-Kenya's Sawe shatters elusive two-hour marathon barrier to win in London

Athletics-Kenya's Sawe shatters elusive two-hour marathon barrier to win in London

More from Headlines

Explore more articles in the Headlines category

Image for UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz
UK's Starmer and Trump discuss 'urgent need' to restore shipping in Strait of Hormuz
Image for Pope Leo says those who wage war are thieves stealing away our peaceful future
Pope Leo says those who wage war are thieves stealing away our peaceful future
Image for King Charles relieved Trump and first lady unharmed after shooting
King Charles relieved Trump and first lady unharmed after shooting
Image for Northern Ireland police investigate car explosion as attempted murder
Northern Ireland police investigate car explosion as attempted murder
Image for UK says cooperating closely with US on security ahead of King Charles' visit
UK says cooperating closely with US on security ahead of King Charles' visit
Image for Israeli attacks kill at least four Palestinians in Gaza, medics say
Israeli attacks kill at least four Palestinians in Gaza, medics say
Image for Six passengers injured evacuating from Swiss Air flight in India, Economic Times says
Six passengers injured evacuating from Swiss Air flight in India, Economic Times says
Image for Trump removed from White House correspondents dinner as attendees take cover
Trump removed from White House correspondents dinner as attendees take cover
Image for Car explodes outside police station in Northern Ireland, Belfast Telegraph reports
Car explodes outside police station in Northern Ireland, Belfast Telegraph reports
Image for US-Iran peace hopes fade as Trump scraps talks
US-Iran peace hopes fade as Trump scraps talks
Image for Ukraine marks 40th anniversary of Chornobyl disaster under cloud of war
Ukraine marks 40th anniversary of Chornobyl disaster under cloud of war
Image for Russia's parliamentary speaker visits Pyongyang, KCNA says
Russia's parliamentary speaker visits Pyongyang, KCNA says
View All Headlines Posts