Washington and Beijing have reportedly made a breakthrough with the ownership transfer of TikTok, the social media platform.
Jamieson Greer, a US trade representative, said that parties from the US and China have reached a framework agreement. In addition, US Treasury Secretary Scott Bessent also stated that the deal will be confirmed this Friday. At the same time, Chinese trade negotiator Li Chenggang said both governments had reached a consensus after prolonged disputes over security concerns.
