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International Business Times
International Business Times
Olivia Harper

U.S. And China Strike Tentative Deal On TikTok As Ban Deadline Looms

TikTok China He Lifeng Scott Bessent United States Donald Trump ByteDance Earth

The United States and China have reached a "framework" agreement to transfer TikTok's U.S. operations to American ownership, U.S. Treasury Secretary Scott Bessent said Monday during trade talks in Madrid.

"The framework has been agreed. Presidents Trump and Xi will complete it on Friday," Bessent said, according to Reuters.

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