
US, China Reach ‘Framework’ Deal On TikTok Ownership Talks
The United States and China have reached a “framework agreement” over TikTok’s U.S. operations, potentially paving the way for American ownership of the popular video-sharing app. The deal was confirmed Monday after two days of trade negotiations in Madrid, U.S. Treasury Secretary Scott Bessent said, adding that President Donald Trump and Chinese leader Xi Jinping are expected to finalize details on Friday.
The talks come ahead of a critical September 17 deadline requiring TikTok’s Chinese parent company, ByteDance, to sell its U.S. division or face a nationwide ban. The deadline, originally set for earlier this year, has already been extended …















