China’s Commerce Ministry says Beijing will work with the Trump administration to resolve issues related to TikTok’s ownership.

Treasury Secretary Scott Bessent said Thursday that the U.S. and China have finalized an agreement on TikTok that would allow the popular social media platform to remain available in the U.S.

American Jewish leaders have blamed Tiktok for allowing antisemitism to spread among young people and Israeli Prime Minister Benjamin Netanyahu recently accused China of using the platform to promote anti-Israel sentiment around the world — a charge China denies.

A tariff hike could potentially damage the Chinese economy. The U.S. imported about $438 billion worth of goods and services from China last year, making it the largest destination for China’s exports. In all, that figure accounts for about 15% of China’s exports, according to the Office of the U.S. Trade Representative.

China has approved Donald Trump's TikTok deal, ending an 18-month saga that kept millions of American users on edge.

The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".

ByteDance did not respond to Ars’ request for comment. The TikTok owner has remained quiet throughout the Trump administration’s negotiations with China over the US sale, which is supposed to resolve US national security concerns that China may influence content on the app.

China pledges to collaborate with the U.S. to address TikTok issues, amid ongoing uncertainty over the platform's future.

According to U.S. national security law, Beijing-based ByteDance must sell TikTok's U.S. operations or effectively be banned in the country. China has yet to approve terms of a deal that would allow a new joint-venture company to oversee TikTok in the U.S.