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Treasury: US ‘very close’ to TikTok deal with China
Cape Argus
|September 16, 2025
THE US is “very close” to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said yesterday as the two sides resumed trade talk in Madrid.
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Bessent and Chinese Vice Premier He Lifeng opened the latest round of discussions in Madrid at the weekend, seeking to narrow differences on trade and technology that have strained relations between the world’s two largest economies.
The meetings are expected to continue through tomorrow - the deadline for TikTok to find a buyer or face a ban.
“On the TikTok deal itself, we're very close to resolving the issue,” Bessent told reporters as he arrived at Spain's foreign ministry for a second day of talks.
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