US Treasury’s Bessent says China has approved TikTok transfer deal
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Summary: China has approved the transfer agreement for the short video app TikTok, US 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.
The fate of the app used by 170 million Americans has remained uncertain for more than 18 months after the US Congress passed a law in 2024 that ordered TikTok's Chinese owners to sell the app's US assets by January 2025. File photo
WASHINGTON — China has approved the transfer agreement for the short video app TikTok, US Treasury Secretary Scott Bessent said on Thursday, adding
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