China has approved a transfer agreement with the United States for the popular TikTok social media app, U.S. Treasury Secretary Scott Bessent announced on Oct. 30.
Chinese leader Xi Jinping told U.S. President Donald Trump at the beginning of their meeting in South Korea that he would agree to a deal made between Bessent and Chinese officials in Malaysia earlier this week, according to Bessent.
“In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval,” Bessent told Fox Business. “And I would expect that would go forward in the coming weeks and months, and we’ll finally see a resolution to that.”…