The TikTok deal between the United States and China has been finalized, Treasury Secretary Scott Bessent said on Sunday.

“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 during an appearance on CBS News’ “Face the Nation.”

President Donald Trump is on a visit to Asia, in which he will be making stops in Malaysia, Japan and then South Korea to meet with Chinese leader Xi Jinping. The two leaders will convene at the Asia Pacific Economic Cooperation summit on Thursday, where the popular social media app and Trump’s tariff agenda are likely topics of discussion.

Trump signed an executive order in September offic

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