US-TikTok Deal Expected Finalization This Week Amid International Negotiations

U.S. President Donald Trump announced that he might sign a final deal regarding TikTok on Thursday, having received a "provisional approval" from China's President Xi Jinping, with a meeting expected later in the week during Trump's Asia tour. Treasury Secretary Scott Bessent confirmed that U.S. and Chinese negotiators have reached a comprehensive agreement, with all details reportedly ironed out after talks in Madrid, and the deal is set to be consummated in Korea. The finalized deal aims to restructure TikTok's U.S. operations under American ownership, addressing concerns about Chinese government influence over the app's algorithm. Despite optimism, some uncertainty remains as final confirmation depends on both governments' approval by the December 16 deadline. This development follows a series of executive orders by Trump delaying a legislative ban on TikTok in the U.S., allowing negotiations to proceed. An official announcement detailing the agreement is expected imminently, marking a significant step in resolving the contentious issue of TikTok's status in the United States.