Treasury Secretary Scott Bessent said Sunday that the TikTok deal announced last month is set to be finalized on Thursday when President Trump meets with Chinese President Xi Jinping.

“We reached a final deal on TikTok. We reached one 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 on Thursday in Korea,” Bessent said on “Face the Nation with Margaret Brennan .”

President Trump signed an executive order last month that paved the way for a deal to keep TikTok operating in the U.S. under a new corporate structure with American investors. But the details were not immediately clear. Asked about the details of the TikTok transaction Sunday, Bessent said he is “not part of the commercial side of t

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