Treasury Secretary Scott Bessent said Sunday that the TikTok deal announced last month is set to be finalized on Thursday when President Trump meets with Chinese President Xi Jinping."We reached a final deal on TikTok.

Treasury Secretary Scott Bessent expects major progress on both trade negotiations and a TikTok deal when Trump meets Xi in Korea next week.

Well, according to U.S. Treasury Secretary Scott Bessent, it’s still all good, and TikTok will be sold into U.S. ownership well ahead of the latest extended deadline for the enforcement of the Senate-approved Protecting Americans from Foreign Adversary Controlled Applications Act.

The following is the transcript of the interview with Treasury Secretary Scott Bessent that aired on "Face the Nation with Margaret Brennan" on Oct. 26, 2025.

President Donald Trump and Chinese President Xi Jinping are set to seal a TikTok deal on Thursday, according to Treasury Secretary Scott Bessent.

"All the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea," said US Treasury Secretary Scott Bessent.

U.S. President Donald Trump, on board Air Force One, expressed optimism about trade talks with China on Monday.