Washington — U.S. and Chinese negotiators have agreed to the outlines of a deal to resolve the dispute over ownership of TikTok , Treasury Secretary Scott Bessent said Monday, adding that President Trump is set to speak to Chinese President Xi Jinping later this week.

"We have a framework for a TikTok deal," Bessent said after talks with Chinese officials in Spain. "The two leaders, President Trump and Party Chair Xi, will speak on Friday to complete the deal. But we do have a framework for a deal with TikTok."

Bessent said the agreement is "between two private parties" and that "the commercial terms have been agreed upon." He said the talks in Spain centered around the future of the app.

Mr. Trump hinted at the agreement in a post on Truth Social earlier Monday morning.

"The big

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