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US and China Reach a Framework Deal for the Ownership of TikTok
- On Monday in Madrid, U.S. and Chinese officials agreed on a preliminary arrangement to transfer ownership of TikTok from ByteDance, a Chinese company, to an American entity.
- The deal follows years of U.S. national security concerns over TikTok, ByteDance's Chinese ownership, and Chinese laws requiring data sharing with the government.
- The trade talks in Madrid marked the fourth round between the world's largest economies, involving candid discussions led by Chinese Vice Premier He Lifeng and U.S. officials.
- U.S. Trade Representative Jamieson Greer emphasized that the negotiation team is concentrating heavily on TikTok to ensure the agreement is equitable for China while fully addressing U.S. national security issues, whereas Bessent noted that the commercial details of the deal would not be disclosed.
- The agreement could lead to a Trump-Xi meeting on Friday to finalize details, with a fifth negotiation round likely in coming weeks and congressional approval still required.
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The Billings GazetteReposted by 
Beatrice Daily Sun
Beatrice Daily SunUS, China work on deal
MADRID — A framework deal has been reached between China and the U.S. for the ownership of popular social video platform TikTok, U.S. Treasury Secretary Scott Bessent said Monday after weekend trade talks in Spain.
·Billings, United States
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Coverage Details
Total News Sources35
Leaning Left8Leaning Right1Center16Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 32%
C 64%
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