US EditionTrump implies that TikTok deal has been reached with China, will speak to Xi Friday
- President Trump suggested a deal on TikTok has been reached with China, ahead of a September 17 deadline for divestment or shutdown of the app.
- U.S. Treasury Secretary Scott Bessent confirmed that a framework agreement for U.S. ownership of TikTok was reached during trade talks in Spain.
- Concerns about TikTok's Chinese origins and data privacy issues prompted Congress to approve a U.S. ban unless ByteDance sells its controlling stake.
- Despite the framework deal, several issues regarding TikTok remain unresolved, with a potential U.S. ban looming if an agreement is not finalized soon.
314 Articles
314 Articles
Bessent says TikTok ban threat won framework agreement with Chinese
U.S. Treasury Secretary Scott Bessent said the threat of a TikTok shutdown led Chinese negotiators to abandon demands for tariff concessions in return for the social media app divestment and allowed reaching a framework agreement in talks in Madrid on Monday.
To enable the social network TikTok to continue operating in the United States, an agreement was reached between Washington and Beijing on Monday, 15 September. This result is the result of several years of negotiations begun during Donald Trump's first term.
Watauga Democrat
US, China reach 'framework' deal on TikTok ownership
The United States and China announced a "framework" deal on Monday to resolve their dispute over TikTok that calls for the Chinese-owned app to pass to US-controlled ownership.
Trump wants to improve economic relations with China. A deal with TikTok could secure the continued existence of the platform in the US.
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