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…

Treasury Secretary Scott Bessent announced that the U.S. and China have reached a tentative "framework" agreement on TikTok's U.S. operations, with Presidents Trump and Xi set to finalize details Friday. "It's between two private parties, but the commercial terms have been agreed upon," he said. The...

The US and China have reached a framework agreement to switch short-video app TikTok to US-controlled ownership, top US officials said today, with President Donald Trump set to speak with Chinese President Xi Jinping on Friday.

The United States and China announced a "framework" deal on Monday to resolve their dispute over TikTok that calls for the Chinese-owned app to pass to US-controlled ownership.

Just in the nick of time, assuming these TikTok deadlines actually matter.

US president set to speak with Chinese counterpart on Friday; Trump says trade meeting between both nations went "very well".

Treasury Secretary Scott Bessent said a deal had been reached that would pave the way for a switch to U.S. ownership.

MADRID/WASHINGTON >> U.S. and Chinese officials said today they have reached a framework agreement to switch short-video app TikTok to U.S.-controlled ownership that will be confirmed in a Friday call between President Donald Trump and Chinese President Xi Jinping.

TikTok users: a deal has been reached between the U.S. and China to keep the app running, resolving the long-standing debate over a ban.

The United States is "very close" to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talks in Madrid. "On the TikTok deal itself, we're very close to resolving the issue," Bessent told reporters as he arrived at Spain's foreign ministry for a second day of talks.

Former US President Donald Trump said Friday he intends to speak with Chinese leader Xi Jinping after what he claimed were “positive developments” in talks this week over TikTok.

U.S. Treasury Secretary Scott Bessent said the threat of a TikTok shutdown led Chinese negotiators to abandon demands for tariff concessions in return for the social media app divestment and allowed reaching a framework agreement in talks in Madrid on Monday.

For Beijing, the decisive moment came when Trump’s threat proved real. “If there hadn’t been a deal,” Bessent said, “then TikTok would’ve gone dark in 48 hours.” | Economy