US Treasury Secretary Scott Bessent said a TikTok deal with China has been finalized and will be formalized during the Trump-Xi meeting in Korea. He also confirmed a tariff truce, with Trump dropping a planned 155% tariff threat and China backing off rare earth export controls.
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US Treasury Secretary Scott Bessent says US and China ‘reached a final TikTok deal’ for Trump-Xi to seal
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October 27, 2025
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