US, China reach ‘framework’ deal for TikTok
The US and China have reached a "framework" deal for the Chinese-owned video-sharing app TikTok, according to a CNBC report. The deal is between two private parties, and the commercial terms have been agreed upon, as per the comments made by a US official on the sidelines of a meeting between the two countries in Madrid. The report suggests that the framework deal comes after months of negotiations and uncertainty surrounding TikTok's future in the US. The deal is expected to address the national security concerns raised by the US government regarding TikTok's data collection practices and its potential links to the Chinese government. While the details of the agreement are not yet publicly available, the framework deal represents a significant development in the ongoing dispute between the US and China over TikTok's operations in the country.
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