Scott Bessent confirms China agreed to TikTok deal

Treasury Secretary Scott Bessent announced on Sunday that the Chinese government has agreed to a deal to sell TikTok to new ownership.

“We reached a final deal on TikTok. We reached one in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea,” Bessent said on CBS News’s Face the Nation in a prerecorded interview that aired Sunday.