White House Confirms TikTok Sell-Off Deal to Be Finalized Within Days

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So what’s really happening with that TikTok–U.S. ownership deal that President Trump greenlit — but China hasn’t yet signed off on?

 

According to U.S. Treasury Secretary Scott Bessent, everything is still moving forward as planned, and TikTok is on track to be transferred into U.S. ownership well before the latest enforcement deadline of the Protecting Americans from Foreign Adversary Controlled Applications Act — which is currently set for December 16, following President Trump’s fourth executive order delaying its implementation.

 

Speaking on CBS’ Face the Nation over the weekend, Bessent confirmed that U.S. and Chinese negotiators recently met in Madrid and reached an understanding on the framework of the deal. As he put it:

 

“I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea.”

 

Bessent expressed confidence that the agreement has been finalized with Chinese officials — though he also admitted that the breakthrough came only in the past few days. That makes Trump’s earlier announcement, in which he declared the deal “done” last month, somewhat premature.

 

After all, Trump approving his own negotiating team’s proposal doesn’t make the deal binding if Beijing hasn’t agreed. In effect, the former president’s announcement simply confirmed that he liked what his team had come up with — not that China had accepted it.

 

Still, semantics aside, Bessent insists that the TikTok sell-off appears set to proceed, provided Chinese officials indeed follow through on what he believes is their tacit approval of the White House’s framework.

 

That said, none of this is yet certain. Even Bessent’s own remarks hinted at lingering uncertainty, suggesting that U.S. negotiators are not in a position to formally declare victory.

 

And from China’s side, the signals are even more ambiguous.

 

After the U.S. imposed new tariffs on Chinese imports earlier this month, Chinese officials have sharply criticized Washington’s approach, accusing the U.S. of using “national security” as a pretext for protectionism.

 

As China Daily reported:

 

“In spite of the national treatment concept fervently promoted by the U.S. (and other Western economies), the U.S. administration tends to view any successful Chinese business as a ‘national security threat.’”

 

Chinese authorities have framed this as an attempt to shield American companies from competition rather than a genuine security measure.

 

In that context, insiders suggest that Beijing may demand broader concessions in exchange for approving the TikTok sale — potentially tying the issue to unrelated geopolitical matters, such as the U.S. position on Taiwan. That would be an extraordinary move, but not an inconceivable one, given how Beijing often links commercial negotiations to national sovereignty concerns.

 

All of which means that a TikTok deal remains far from guaranteed. China remains firmly opposed to a forced divestment and is unlikely to rubber-stamp any agreement that appears to capitulate to U.S. pressure without significant reciprocal gains.

 

That said, there are signs that TikTok itself may be preparing for a shift in ownership and operational alignment with the Trump administration’s demands.

 

Recently, the platform updated its data-sharing policies to allow for more direct cooperation with U.S. authorities, including the potential for law enforcement agencies — such as ICE — to access user information for investigations. If implemented, that could mark the first step toward deeper integration with U.S. governmental oversight, potentially paving the way for a smoother transition under new ownership.

 

And if that happens, users could see subtle changes in the tone and nature of TikTok’s U.S. content ecosystem — perhaps with more political or government-aligned narratives appearing over time.

 

For now, though, it’s still a waiting game. The decisive moment will likely come later this week, when both sides meet again in Korea to finalize terms. Whether China agrees — and what it will ask in return — remains the biggest question hanging over what could be one of the most consequential tech deals in recent history.

 

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