Breaking Down the Proposed US-China TikTok Deal

The proposed US-China TikTok deal has significant implications for the relationship between the two countries. The deal would allow TikTok's US operations to be acquired by Oracle and Walmart, while ByteDance, the Chinese parent company, would retain a majority stake. The key points of the deal include: 1. TikTok's US operations will be housed in a new company, with Oracle and Walmart holding a combined 20% stake. 2. ByteDance will retain majority ownership and control over the new entity. 3. The deal aims to address US national security concerns by storing US user data on Oracle's servers and appointing an American-led board of directors. The outcome of the negotiations suggests a compromise, with both sides claiming a degree of victory. While the US has secured some concessions, ByteDance has maintained control over the core TikTok business. The long-term implications for US-China relations remain to be seen, as the deal continues to evolve and face further scrutiny.