Is the US-China TikTok deal done? Here's what you need to know

The ongoing saga surrounding TikTok's future in the United States has taken a new turn. According to US President Donald Trump, a deal has been reached regarding the popular video-sharing app's operations in the country. However, the details of the proposed agreement have not been officially confirmed by either the Chinese government or ByteDance, TikTok's parent company. The Trump administration had previously threatened to ban TikTok in the US, citing national security concerns over the app's Chinese ownership. The proposed deal would involve the creation of a new US-based company, TikTok Global, which would be partly owned by American firms Oracle and Walmart. While the US president has stated that the deal is done, the situation remains fluid, and it is unclear whether the agreement will be finalized or if further negotiations are required. The ongoing uncertainty surrounding TikTok's future in the US has raised concerns about the broader implications for US-China relations and the growing tensions between the two economic superpowers.