US and China reach framework deal on TikTok
The TikTok Inc building is seen in Culver City, California, US. Picture: Damian Dovarganes/AP photo
A framework deal has been reached between China and the US for the ownership of popular social video platform TikTok, US treasury secretary Scott Bessent said after weekend trade talks in Spain.
Mr Bessent said in a press conference after the latest round of trade talks between the world’s two largest economies concluded in Madrid that US President Donald Trump and Chinese Premier Xi Jinping would speak Friday to possibly finalise the deal.
