Bessent announces the US has reached a framework with China on TikTok

  • Bessent speaks following a meeting with Chinese officials
TikTok
  • There will be another round of talks in the coming weeks, probably
  • Trump and Xi will speak on Friday
  • Will not talk about commercial terms of TikTok deal
  • We talked about many things we will do in the future

The USTR's Greer said they've deferred discussion of the wider issues such as tariffs to when Trump and Xi speak Friday.

TikTok isn't publicly-listed so there is not clear market angle here unless there is some level of divestment to a US mega-cap tech company.

Update: Greer says US open to considering further action on tariff pause if talks are positive.

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