The transfer agreement for the viral social media app TikTok has been approved by China, U.S. Treasury Secretary Scott Bessent said. Without giving further details, Bessent said on Thursday he expects the deal to move forward in the upcoming weeks and months.

Treasury Secretary Scott Bessent said Thursday that the U.S. and China have finalized an agreement on TikTok that would allow the popular social media platform to remain available in the U.S.

"In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we'll finally see a resolution to that,

(Reuters) -China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months but giving no other details.

Treasury Secretary Scott Bessent said during a CBS interview that Presidents Donald Trump and Xi Jinping will likely approve a TikTok sale on Oct. 30.

The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing the details as soon as Thursday.

Following President Trump's meeting with Chinese President Xi Jinping in Kuala Lumpur, Bessent told Fox Business Network, "we finalized the TikTok agreement in terms of getting

A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.

Por BARBARA ORTUTAYLa reunión del jueves entre el presidente Donald Trump y el líder chino Xi Jinping produjo una serie de decisiones para ayudar a reducir las tensiones comerciales,