US and China agree on framework for TikTok's US operations ownership

bbc.com

The US has agreed to a framework deal with China regarding the future ownership of TikTok's American operations. This agreement, reached during trade talks in Madrid, is intended to facilitate US ownership of the popular social media platform's US business. The deal comes as a deadline approaches for TikTok's Chinese owner to sell its US assets or face a ban, with national security concerns cited by the US.


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