US Treasury Secretary on Sunday said that the US and China have finalised the deal to transfer US’ version of TikTok to new owners.

“We reached [a deal] in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction (during the meeting scheduled on Thursday)," Bessent said on CBS’s “Face The Nation".

He further said: “I’m not part of the commercial side of the transaction. My remit was to get the Chinese to agree to approve the transaction, and I believe we successfully accomplished that over the past two days."

The comments a month after President Donald Trump signed an executive order allowing a new ownership of TkTok, with a majority of American investors.

According to The Guardian, Trump’s 19-year-old s

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