U.S. and China Reach Framework Agreement on TikTok Deal
In a significant development, U.S. and Chinese officials have announced a framework for a deal regarding TikTok that may allow the app to continue operating in the United States. Treasury Secretary Scott Bessent confirmed that the commercial terms have been agreed upon, setting the stage for a transfer of ownership. This comes as President Trump suggested that a deal is imminent, with a call scheduled with Chinese President Xi to finalize details. The discussions have sparked optimism among stakeholders, including small business owners who see potential benefits in preserving the platform. However, some lawmakers remain cautious, calling for scrutiny over the negotiations. The outcome could have substantial implications for U.S.-China relations as both nations navigate complex trade dynamics, including tariffs and technology demands.
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