The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to de-escalate a trade war.

Treasury Secretary Scott Bessent said during a CBS interview that Presidents Donald Trump and Xi Jinping will likely approve a TikTok sale on Oct. 30.

In today’s Tech Bytes, a deal to keep TikTok operating in the U.S. could be finalized this week. Treasury Secretary Scott Bessent says all the details have been ironed out. An announcement could come Thursday, after President Trump and Chinese President Xi Jinping meet in South Korea.

President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.

For those who have been following the TikTok ban, it seems the final bow has been tied on a deal that will save the popular social media app from extinction.

Trump said a deal has been worked out with China to secure the popular video app’s future in the U.S., but many details still need to be hammered out.

In a video posted to TikTok Monday morning, President Donald Trump said that young Americans who use TikTok "owe" him following the announcement and signing of a new executive order that allows the popular video-sharing platform to continue operating in the United States under restructured ownership.

Iowa claims TikTok violates the Iowa Consumer Fraud Act by misrepresenting the frequency of profanity, sexual content and nudity available to teenage users.