The United States has moved closer to resolving the long-running debate over TikTok’s ownership and national security concerns. On Monday, U.S. Treasury Secretary Scott Bessent confirmed that a framework for a deal on TikTok had been reached during trade discussions with Chinese officials in Madrid.
According to Bessent, the agreement would pave the way for TikTok to shift to U.S. ownership, addressing concerns raised by Washington over data security and foreign control of the popular social media platform.
Final Details Await Trump-Xi Meeting
Bessent noted that while the framework is in place, the final details of the deal will be determined during a scheduled meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping on Friday.
The outcome of the discussions could mark a turning point in both U.S.-China trade relations and the future of TikTok’s global operations, which have been closely watched by regulators, investors, and millions of users worldwide.
