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US says 'framework' for TikTok ownership deal agreed with China
The deal will pave the way to US ownership of the social media platform' s American operations, according to the US treasury secretary.
The US treasury secretary has said Washington has reached a "framework" deal with China on the ownership of TikTok's American operations. Trump said on Truth Social that talks in Madrid had "gone very well", with a deal reached "on a certain company that young people in our country very much wanted to save". A deadline is looming for the Chinese owner of TikTok to find a buyer for its American operations or face a ban in the US.
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