US and China reach deal to transfer TikTok ownership, trade official says

Framework agreement is a breakthrough in long-running dispute over TikTok’s ownership amid security concerns in Washington

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Jamieson Greer, a US trade representative, said on Monday that Washington and Beijing have struck a framework agreement on transferring TikTok to US-controlled ownership.

Speaking after emerging from negotiations with Chinese officials, Scott Bessent said the deal was coming but declined to reveal the commercial terms.