Monday, September 15, 2025

US: 'framework' for TikTok ownership deal agreed with China

The US treasury secretary has said Washington has reached a "framework" deal with China on the ownership of TikTok's American operations. Scott Bessent said the framework was set in trade talks in Madrid to pave the way for US ownership. He added that US President Donald Trump and Chinese President Xi Jinping would "complete" the deal on Friday. China has not commented.

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