A framework deal to settle the US-China dispute over TikTok calls for the social media platform to come under US-controlled ownership, US Treasury Secretary Scott Bessent said Monday.
“I think the framework is for it to switch to US-controlled ownership,” he said following talks between the two sides in Madrid without giving further details.
The United States announced Monday a “framework” deal with China to resolve their dispute over TikTok, as a deadline looms this week for the Chinese-owned app to be sold or face a US ban.
In a social media post, US President Donald Trump said — without directly naming the social media giant — that a deal was reached with a “certain company that young people in our Country very much wanted to save. They will be very happy!”
