Treasury Secretary Scott Bessent’s victory lap on a TikTok deal has blown up in his face. President Donald Trump left his meeting with Chinese leader Xi Jinping without any mention of an agreement regarding the app’s future, despite Bessent asserting on Sunday that “we reached a deal on TikTok.”

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.

Although the United States leads, it’s not alone on TikTok’s e-commerce map. The study shows that Indonesia ranks second with $6.2 billion, followed closely by Thailand with $5.7 billion. Vietnam also emerges as a growing market, reaching $4.5 billion in platform sales.

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,

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.

The TikTok deal between the United States and China has been finalized, Treasury Secretary Scott Bessent said on Sunday.

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