What We Do and Don’t Know About US TikTok Deal With China

The US and China have reached a preliminary agreement to restructure the US operations of TikTok, a popular social media platform. The deal, if finalized, would involve a consortium led by software company Oracle acquiring TikTok's US business, addressing a longstanding point of contention between the two countries. The agreement comes after more than a year of negotiations, with the US government previously threatening to ban TikTok over concerns about data security and potential Chinese government influence. The proposed restructuring aims to alleviate these concerns by separating TikTok's US operations from its Chinese parent company, ByteDance. The details of the agreement, including the exact ownership structure and the role of the Chinese government, remain unclear. However, the deal is seen as a potential step towards resolving broader trade disputes between the US and China, which have been a source of tension in their bilateral relations.