US TREASURY CONFIRMS TikTok DEAL Framework REACHED with China

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00:00We have a framework for a TikTok deal.

00:11The two leaders, President Trump and Party Chair Xi, will speak on Friday to complete the deal.

00:21But we do have a framework for a deal with TikTok.

00:25The getting to this framework was made possible by President Trump and the high regard that

00:36President Trump has for Party Chair Xi.

00:41So when the leaders have mutual respect, then the delegations have mutual respect.

00:49And as Ambassador Greer said, we were in substantial contact with President Trump last night and

00:56then again today.

00:57Of course there will.

01:00We had very good discussions.

01:04We preferred to keep the discussions on TikTok.

01:07We will be holding trade negotiations in about a month again at a different location.

01:14We talked about many things that we might do in the future.

01:19Do you think either the Ambassador or myself want to get out ahead of the leaders?

01:24We're not going to talk about the commercial terms of the deal.

01:27It's between two private parties.

01:30But the commercial terms have been agreed upon.

01:33We're very focused on TikTok and making sure that it was a deal that is fair for the Chinese

01:46and completely respects U.S. national security concerns.

01:49And that's the deal we reached.

01:50And of course we want to ensure that the Chinese have a fair investment environment in the United

01:54States, but always that U.S. national security comes first.

01:57And I'm going to send them to the U.S. Embassy Madrid.

01:59Thanks very much.

02:00You're a great American.

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