Reported about 4 hours ago
U.S. Treasury Secretary Scott Bessent stated that the threat of a TikTok ban compelled Chinese negotiators to drop their tariff demands, allowing for a framework agreement during talks in Madrid. This agreement aims to maintain U.S. national security interests while preserving TikTok's 'Chinese characteristics.' Bessent noted that the next U.S.-China negotiations will occur before a November 10 deadline and may involve a further extension of the current tariff truce.
Source: YAHOO