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US Treasury’s Bessent Says China Has Approved TikTok Transfer Deal

China has approved the transfer agreement for TikTok, with the US Treasury Secretary expecting the resolution to proceed in the coming weeks and months.
A phone with TikTok open.
The fate of the app used by 170 million Americans has remained uncertain for more than 18 months. (Shutterstock)

China has approved the transfer agreement for the short video app TikTok, US Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months but giving no other details.

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