US, China close to TikTok deal in Madrid talks, Bessent says

U.S. and Chinese officials convened in Madrid for six hours, addressing critical issues like TikTok's future, existing tariffs, and broader economic concerns. Treasury Secretary Scott Bessent indicated progress on TikTok divestment but highlighted challenges in other areas due to China's "aggressive ask." Experts remain skeptical of a major breakthrough, anticipating a possible extension for TikTok's U.S. operations divestment deadline.