TikTok ban looms in US: Treasury secretary Scott Bessent claims deal ‘very close’; Donald Trump says it’s ‘up to China’

US Treasury Secretary Scott Bessent announced that the US and China are nearing a resolution in their TikTok dispute during trade discussions in Madrid. Despite an impending September 17 deadline for ByteDance to sell its US assets, Trump suggested China could determine TikTok's fate. The administration is likely to grant another extension, buying time for negotiations but frustrating Congress.

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