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Bessent Says US Has ‘Framework’ for TikTok Deal

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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62 Articles

Explainer: What hurdles lie ahead for any US-China TikTok deal?

No details were shared regarding whether China would agree to transfer ownership of the app's algorithm. Read more at straitstimes.com.

8 hours ago·Singapore

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Foreign Policy

Center

U.S., China Reach ‘Framework’ TikTok Deal

The agreement would see Chinese company ByteDance divest the social media app to a U.S. corporation.

8 hours ago·United States

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KCRG

Center

Pres. Trump hints at a deal to keep TikTok accessible

President Donald Trump thinks a deal to sort out TikTok's ownership and allow Americans continued access to the popular social media app could bring the U.S. closer to China.

8 hours ago·Cedar Rapids, United States

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The Billings Gazette

+2 Reposted by 2 other sources

Center

US, 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.

10 hours ago·Billings, United States

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MSNBC

Left

U.S. and China reach ‘framework’ for a TikTok deal, according to treasury secretary

The United States and China have reached a “framework for a TikTok deal” about the future of the video-sharing app in the U.S., the two countries announced Monday.

10 hours ago·United States

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Staten Island Advance

Center

TikTok deal reached between U.S. and China: ‘It’s between two private parties.’

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 after weekend trade talks in Spain.Bessent said in a press conference after the latest round of trade talks between the world’s two largest economies concluded in Madrid that U.S. President Donald Trump and Chinese Premier Xi Jinping would speak Friday to possibly finalize the…

10 hours ago·Richmond County, United States

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