Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent announced on Thursday.
Bessent, speaking to Fox Business Network following a meeting between President Donald Trump and Chinese leader Xi Jinping, said he expects the agreement to move forward in the coming weeks and months.
"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," Bessent stated.
The Treasury Secretary did not provide additional details about the terms of the agreement or specific timelines for implementation.
China’s Commerce Ministry had released a statement earlier on Thursday indicating that China would "properly handle TikTok-related issues with the United States."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.