The U.S. and China are set to "consummate" the deal this week in South Korea, Treasury Secretary Scott Bessent says.

President Donald Trump and Chinese President Xi Jinping could "consummate" the TikTok deal announced last month when they meet on Thursday, Treasury Secretary Scott Bessent said.

After Tiktok challenged the law on First Amendment grounds, a unanimous ruling from the Supreme Court upheld the measure, finding merit in national security concerns centered on potential user data collection or content manipulation.

The deal to save TikTok shines a light on the Trump administration’s disregard for the law.

The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday.

Trump is scheduled to meet Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea, the White House confirmed last week. The high-stakes trade talks come as both leaders attempt to avoid further escalation in the ongoing trade war between the world’s two largest economies.

Kevin O'Leary is urging that U.S.-based TikTok entrepreneurs receive a stake in the platform's planned $14 billion U.S. sale.

SELL on TikTok, promote the Philippines? The Department of Tourism (DOT) has partnered with the popular social media company to improve the promotion of services for micro, small, and medium tourism enterprises (MSMEs).