TikTok Deal Trump and Xi: Leaders to Finalize Agreement on Thursday

U.S. and China Prepare for TikTok Deal Signing

The TikTok deal Trump and Xi is ready for completion this week. Treasury Secretary Scott Bessent confirmed that both nations reached an agreement.

He said the details were finalized and the signing will happen Thursday in Korea. The announcement follows months of negotiation between Washington and Beijing.

Bessent explained that his role was to gain Chinese approval. “My remit was to get the Chinese to agree, and we succeeded,” he said.

Deal Framework and Oversight Structure

President Donald Trump signed an executive order requiring ByteDance to divest TikTok’s U.S. assets or face a ban. The new agreement fulfills that order.

TikTok’s algorithm, code, and moderation systems will fall under a new U.S. board. Oracle will manage data security and compliance operations.

The new entity includes investments from Oracle, Fox Corp, Andreessen Horowitz, and Silver Lake Management. Trump confirmed Fox’s involvement in the venture.

Talks Extend Beyond TikTok

Bessent made his announcement in Kuala Lumpur. U.S. and Chinese negotiators also reached a framework for broader trade cooperation.

U.S. negotiator Jamieson Greer said discussions covered tariffs and rare earth minerals. These materials are essential for semiconductor and technology production.

Greer noted that both sides discussed extending the trade truce. He emphasized that several critical issues were included in the dialogue.

A New Chapter in U.S.–China Tech Relations

The TikTok deal Trump and Xi marks a significant diplomatic step. It may ease tensions between the two countries over technology and data.

The framework establishes rules for data control and operational oversight. It could serve as a model for future tech governance.

By agreeing on shared oversight, both sides show willingness to stabilize digital trade. The Thursday signing will symbolize this new cooperation phase.

What lessons does this deal offer for the future of digital policy and cross-border technology regulation?

Explore Business Solutions from Uttkrist and our Partners’, Pipedrive CRM 2X the usual trial with no CC and no commitments and more uttkrist.com/explore