The U.S. and China agreed on a framework deal to allow TikTok to keep operating in the U.S. amid trade negotiations as the social media app faced being shut down as early as Wednesday without action.
In a post on his social media platform this morning, President Donald Trump said that an ongoing trade meeting between the United States, Europe and China is going well. Trump also seems to tease that a deal was reached over TikTok, but did not provide any additional details.
“The big Trade Meeting in Europe between The United States of America and China, has gone VERY WELL! It will be concluding shortly.”
“A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday,” Trump added. “The relationship remains a very strong one!!!”
Trump also said that he’ll be speaking with President Xi Jinping on Friday.
Treasury Secretary Scott Bessent, in Madrid for trade talks with China, said on Monday they have “a framework for a TikTok deal.”
He said President Donald Trump and China’s President Xi Jinping will speak on Friday to “complete” the details.
“We’re not going to talk about the commercial terms of the deal, it’s between two private parties, but the commercial terms have been agreed upon,” Bessent added.
Last year, Congress enacted a law signed by then-President Joe Biden that banned TikTok and other apps controlled by foreign adversaries. After it survived a Supreme Court challenge, the law took effect on Jan. 19, 2025, though it allowed a 90-day extension.
The app was banned amid national security concerns over the Chinese government’s access to user data and its ability to serve as a platform for foreign influence operations.
TikTok’s China-based parent company, ByteDance, refused to sell the social media platform and after President Trump took office, he issued an initial 75-day delay in enforcing the law.
Trump then provided another 75-day extension in April – when a dispute over tariffs derailed a pending deal on TikTok’s divestment – followed by a 90-day delay in June that was due to expire this week.
