USA and China Reach Agreement for Tiktok to Be Controlled by Americans - Global Happenings
29 Articles
29 Articles
According to Treasury Secretary Scott Bessent, the protocol provides that the short video sharing platform, owned by Chinese group ByteDance, is under American control with the entry or capitalization of one or more US-based investors.
The U.S. version of the short video sharing platform must be controlled by the U.S. with the entry or capitalization of one or more U.S.-based investors.
After two days of negotiations in Madrid, Washington and Beijing reached a compromise on TikTok for the platform to pass under the American flag.
Although U.S. President Donald Trump was critical of the company in its first term, he now defends its use as a tool to connect with younger voters.
Chinese and American negotiators met for two days in Madrid to reach agreements on mutual trade. An agreement on the sale of TikTok in the US appears to be the main outcome.
In significant progress in the negotiations, the United States of America (US) and China reached an agreement to transfer the property of the TikTok branch to the US country, as advanced by...
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