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Cooperate on what? It was never about national security. The US just wants to control all social media platforms. From China's perspective, it has outlived its usefulness as a data collection platform and could be better leveraged as an asset in trade negotiations.
My guess is that approval to sell will be followed by some tarrifs relief or some other trade deal.
If you look at the Chinese press and social media no sale is expected.
Trump has a history of announcing sales without agreement. He did it before he was president.
Also at this point he had lied and broken promises so much the Chinese cannot rely on agreements, they can only try to not engage in non constructive ways.
People should not listen to Trump
I did and see the opposite. Most expect it to go through but see it as a win since they retained ownership of algorithm and the access to US market.
While true, it's usually self-serving ego boost. This being a fake deal would be a huge embarrassment instead.