US, China Reach TikTok Deal Framework Says Bessent

The US and China have reached a framework deal to keep the popular social media app TikTok operating in the United States, according to US Treasury Secretary Scott Bessent. The details of the agreement are still being finalized, but it is expected to involve the transfer of TikTok's US operations to a new entity that would be majority-owned by American investors. This proposed deal aims to address the US government's national security concerns about TikTok's Chinese parent company, ByteDance, while allowing the app to continue serving its American user base. The deal's announcement comes amid ongoing trade negotiations between the US and China, as both countries seek to find a resolution to the TikTok issue that satisfies their respective interests. The final agreement is still subject to approval by the US government, but the framework reached represents a significant step forward in the TikTok saga.