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TikTok Deal 'Framework' Reached With China
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...
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. The update comes two days before TikTok parent company ByteDance faces a Sept. 17 deadline to divest the platform's U.S. business or potentially be shut down in the country. China's lead trade negotiator, Li Chenggang, confirmed the framework deal was in place and said the U.S. should not continue to suppress Chinese companies, according to Reuters.
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