LeadStory

What is the TikTok deal?

Asked 3 hours ago

Answer

The TikTok deal is a framework agreement between the U.S. and China to transfer TikTok to U.S.-controlled ownership, addressing national security concerns over Chinese ownership. The deal's commercial terms are agreed, but details await a call between President Trump and President Xi. Approval from Congress and Chinese authorities may be required.

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Reuters

U.S., China reach framework deal on TikTok

Reuters ยท New
Reuters
Reuters
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  • U.S. and China have agreed on a framework to transfer TikTok to U.S. control.
  • Details of the deal will be finalized in a call between President Trump and President Xi. 20s
  • The agreement was prompted by a looming deadline that could have led to TikTok's ban in the U.S. 45s
  • Chinese officials criticized the U.S. actions as unilateral and against international law. 1m 24s
  • The deal may require approval by Congress, following a law requiring ByteDance to sell TikTok or face a ban. 1m 43s
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References

U.S., China reach framework deal on TikTok
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Reuters
8 hours ago
U.S., China reach framework deal on TikTok

The United States and China have reached a framework agreement to switch TikTok to U.S.-controlled ownership.

U.S., China reach framework deal on TikTok
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Reuters
8 hours ago
U.S., China reach framework deal on TikTok

Congress passed a law in 2024 requiring ByteDance to sell TikTok to an American company or face a ban.

Trump teases framework for TikTok deal
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CBS News
16 hours ago
Trump teases framework for TikTok deal

President Trump hinted at a deal on TikTok's future after talks between U.S. Treasury Secretary Scott Bessen and Chinese officials.

Trump teases framework for TikTok deal
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CBS News
16 hours ago
Trump teases framework for TikTok deal

ByteDance, TikTok's Chinese owner, is reluctant to sell the algorithm, which remains a key issue in the deal.

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