The United States announced on Monday that it has reached a “framework” agreement with China to resolve the long-standing dispute over TikTok. The deal outlines a plan for the Chinese-owned social media app to transition to US-controlled ownership.
In a post on his Truth Social platform, US President Donald Trump hinted at the agreement without directly naming TikTok. He wrote that a deal had been finalized with “a certain company that young people in our Country very much wanted to save,” adding, “They will be very happy!” Trump also revealed that he is scheduled to speak with Chinese President Xi Jinping on Friday.
US Treasury Secretary Scott Bessent confirmed the development after two days of negotiations with Chinese Vice Premier He Lifeng in Madrid. The talks also covered broader issues related to the ongoing US-China trade dispute.
“We have a framework for a TikTok deal,” Bessent told reporters. “It calls for the app to switch to US-controlled ownership. It’s between two private parties, but the commercial terms have been agreed upon.”
The announcement marks a significant turning point in the high-stakes standoff over TikTok’s future, which has raised questions about data privacy, national security, and the role of foreign tech companies in the American market.
With the framework in place, the next steps will likely involve finalizing commercial arrangements and securing regulatory approvals in both countries.
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