Overview

• Ministerial talks in Madrid on Sept. 14–15 produced what both sides described as a basic framework for divesting TikTok’s U.S. business.
• Treasury Secretary Bessent said a structure toward agreement is in place and confirmed a Trump–Xi phone discussion scheduled for Sept. 19.
• President Trump claimed on social media that an agreement was reached, while officials characterized the outcome as a preliminary framework.
• The U.S. has set a Sept. 17 deadline under a 2024 law requiring ByteDance to separate TikTok’s U.S. operations, with potential buyers under review and Chinese approval still necessary.
• Talks also covered tariffs and other disputes, with another negotiating round planned in about a month, and separate reporting says Beijing invited Trump to visit though no decision has been announced.