US and China close to deal on TikTok 

Representatives in Madrid for trade talks between the two countries

The United States and China are close to reaching an agreement on the short-video app TikTok, US treasury secretary Scott Bessent said, as a second day of talks resumed in Madrid to try and resolve trade tension between the two countries.

The United States and China are close to reaching an agreement on the short-video app TikTok, US treasury secretary Scott Bessent said, as a second day of talks resumed in Madrid to try and resolve trade tension between the two countries.

Even if a deal over Chinese divestment from TikTok was not reached it would not affect relations, Mr Bessent added.