US, China Agree On Framework For Tiktok Ownership Deal

2025-09-15 10:12:06

(MENAFN- AsiaNet News)

The United States and China have reached a framework agreement to transfer TikTok's ownership to a US-controlled entity, ending a long-standing dispute over national security concerns. Jamieson Greer, the US Trade Representative, announced on Monday that Washington and Beijing have successfully negotiated the deal. Treasury Secretary Scott Bessent confirmed the agreement after high-level talks in Madrid but did not disclose the commercial terms. He said,“We have a framework for a TikTok deal,” and added that the specific commercial terms are private and agreed upon between two private parties, reported The Guardian.

Trump's Truth Social post

This development follows US President Donald Trump's post on his social media platform Truth Social, where he wrote, "The big trade meeting in Europe between the United States and China has gone VERY WELL! It will conclude shortly. A deal was also reached on a 'certain' company that young people in our country really wanted to save. They will be very happy! I will be speaking to President Xi on Friday. Our relationship remains very strong!!! President DJT"

The TikTok's ownership debate

The agreement marks a breakthrough in the ongoing debate over TikTok's ownership, particularly regarding its Chinese parent company, ByteDance. The US government has expressed fears that user data from the app could be accessed by Beijing. In March 2024, then President Joe Biden signed legislation mandating ByteDance to sell TikTok to a US-approved buyer within nine months, or face a full ban on the app.

The deal now awaits final approval from US President Donald Trump and Chinese President Xi Jinping, who are set to hold talks on Friday. Greer emphasized the significance of the framework, stating,“We're not going to be in the business of having repetitive extensions. We have a deal.”

This step is seen as a major move to ensure digital security while preserving the popular social media platform's operations in the United States.

MENAFN15092025007385015968ID1110063352

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.