Scott Bessent in the Spotlight as U.S. Treasury Announces Framework Deal on TikTok

 

Scott Bessent is receiving attention in both the United Kingdom and the United States after the U.S. Treasury Secretary announced a framework deal between the U.S. and China concerning TikTok.

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The agreement outlines plans to transfer the app’s ownership from China to a U.S.-based entity, addressing national security concerns while preserving TikTok’s operations amid ongoing tensions between the two countries.

A final discussion between President Donald Trump and President Xi Jinping is expected to conclude the deal. Officials confirmed that the framework resolves major issues surrounding TikTok and eases investment barriers, marking a potential turning point in U.S.-China tech relations.

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