Last September, Donald Trump signed an executive order that guarantees the "safe" and legal operation of the TikTok application in the country after the agreement reached with its Chinese parent company, ByteDance, but it is expected that this week details of the pact with China will be announced.

"We reached a final agreement on TikTok. We achieved that in Madrid, and I think all the details are finalized today, and it will be the turn of the two leaders to consummate that transaction on Thursday in Korea," Bessent said on “Face the Nation with Margaret Brennan.”

Trump and Xi are scheduled to meet in South Korea on October 30, during the last stop of the Republican's Asian tour, a face-to-face meeting that provides an opportunity for both powers to reduce tensions Following the disagreement over Beijing's announcement of restrictions on the sale of its rare earths.

Regarding TikTok, the agreement establishes the creation of a joint company with a US majority, with an operation sufficiently detached from its Chinese parent company, which will retain a 20% stake, especially with regard to the access that the Chinese government may have to servers that store user data.

When asked on Sunday about the details of the transaction with TikTok, Bessent stated that “it is not part of the commercial aspect of the "

“My mission was to get the Chinese to agree to approve the transaction, and I think transaction we've successfully done that in the last two days," he said.

Bessent spoke from Kuala Lumpur, Malaysia, where President Trump began a three-nation tour of Asia. Trump is expected to meet with Xi at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea on Thursday.

As he left the White House, Joe Biden pushed through a bill that would have required TikTok to suspend operations in the country by January 19 for failing to divest from its parent company, China's ByteDance.

However, Trump delayed implementing the ban, even,The president released his first video on the platform, arguing that he was the one who “saved” the app from disappearing in the United States, in a message aimed especially at young people.

“To all those young people on TikTok: I saved TikTok, so you owe me one,” Trump said in the clip, recorded at the White House and broadcast from his official @realdonaldtrump account. “And now, you see me in the Oval Office, and one day one of you will be sitting at this desk and doing a great job too.”