Overview

• The executive order signed Tuesday pushes ByteDance’s divestment deadline to Dec. 16, marking the fourth delay to enforcement of the 2024 law.
• Trump said negotiators have an agreement in principle to keep TikTok operating in the U.S., with a confirmation call with Xi Jinping scheduled for Sept. 19.
• Treasury Secretary Scott Bessent said the terms include national-security guarantees and characterized recent Chinese demands as aggressive after talks in Madrid.
• China’s state media described the preliminary framework as “ganha-ganha” and said authorities will review technology export and IP licensing issues in line with law.
• Media reports point to a 30–45 day window to finalize a U.S.-based entity with majority U.S. investors, possibly requiring congressional approval, with a consortium named by the Wall Street Journal not yet confirmed.