Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.

WASHINGTON (Reuters) -China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months but giving no other details.

Treasury Secretary Scott Bessent said that he's reached a "substantial framework" for trade talks between the U.S. and China.

"This is great news for Iowa farms and our ag economy," said Iowa Secretary of Agriculture Mike Naig. WASHINGTON — U.S. Secretary of the Treasury Scott Bessent said Thursday that China will purchase 25 million metric tons of American soybeans annually.

Republican Sen. David McCormick defended Donald Trump’s latest controversial moves in a rare interview, including the president’s $230 million request for the Justice Department to pay his legal bills, the demolition of the White House’s East Wing, and his party’s handling of the government shutdown.

The transfer agreement for the viral social media app TikTok has been approved by China, U.S. Treasury Secretary Scott Bessent said. Without giving further details, Bessent said on Thursday he expects the deal to move forward in the upcoming weeks and months.

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.

This article originally appeared on Advocate: Ultra-rich Scott Bessent, who owned a pink mansion, says he’s a ‘soybean farmer’ & the internet mocked him Sberbank CEO German Gref said Russia is so fixated on fighting inflation that it's forgetting about economic growth.