Treasury Secretary Scott Bessent said Thursday 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,

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.

( NewsNation) — The U.S. and China have finalized a deal to allow popular social media app TikTok to continue to operate in the U.S., according to Treasury Secretary Scott Bessent.

"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,

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.

Treasury Secretary Scott Bessent on Thursday confirmed that the U.S. had finalized its agreement for the sale of TikTok. The social media platform has long been a source of concern for American lawmakers over potential security risks. The deal would see parent company ByteDance sell off the platform into an American-led enterprise.

Treasury Secretary Scott Bessent said on “Face the Nation” on Sunday that China and the United States had reached “a final deal on TikTok,” but offered few details.

Treasury Secretary Scott Bessent made it clear how excited his boss is about saving TikTok. During an interview on CBS’ Face the Nation, Bessent, 63, told Margaret Brennan that Donald Trump is finalizing a deal with President Xi Jinping to keep the Chinese-owned social media platform operating in the United States.