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On Sunday, Treasury Secretary Scott Bessent said on Face the Nation that President Trump and Xi Jinping could “consummate” a TikTok deal when they meet Thursday in South Korea. After talks in Malaysia, he said the sides had made progress and that a “final deal” was ready for the leaders to seal. The September framework would give American investors a majority of TikTok’s U.S. operations, keep ByteDance below 20 percent, and license a copy of the algorithm outside Chinese control. What, if anything, has changed remains unclear. TikTok and Vice President JD Vance did not immediately comment.

Prepared by Christopher Adams and reviewed by editorial team.