By Redaction ARPS with AP
A deal has been reached between the US and China regarding TikTok, aimed at addressing national security and data privacy concerns.
US Treasury Secretary Scott Bessent announced the agreement following trade talks in Spain, with potential finalization by President Trump and Premier Xi Jinping.
The plan includes transferring ownership from Chinese company ByteDance to a US-based entity, with no confirmed buyer yet, although Oracle may be involved.
Congress approved a ban unless ByteDance divested its controlling interest. Both countries agreed on frameworks for addressing TikTok-related issues and enhancing economic cooperation. Read full article at: What to know about TikTok, its algorithm, and the US-China deal to keep it running | AP News
