US Treasury Secretary Bessent: Talks with China were done with great respect, very fulsome - CNBC interview.

US Treasury Secretary Bessent: Talks with China were done with great respect, very fulsome - CNBC interview.

US Treasury Secretary Scott Bessent has expressed optimism regarding the resolution of the TikTok dispute between the United States and China during ongoing trade discussions in Madrid. Bessent stated that the two countries are "very close to resolving the issue" and that the negotiations are being conducted with "great respect" and "fulsome" discussions .

The negotiations come amidst a looming September 17 deadline for ByteDance, TikTok's parent company, to sell its US assets or face a potential ban. Despite this, US officials have hinted at the possibility of an extension to allow for further negotiations. This extension would provide more time for discussions but may also frustrate some lawmakers who have cited national security concerns as a primary reason for the potential sale .

President Donald Trump has offered an uncertain outlook on TikTok's future, suggesting that China could ultimately determine the app's fate. Trump has previously delayed the enforcement of the deadline, first to April, then to June, and now to September, leaving the app's future uncertain .

The ongoing discussions in Madrid have included TikTok as part of a broader trade agenda between the US and China. While the fate of TikTok remains uncertain, the overall relationship between the two countries is described as "very good at the highest levels" by Bessent .