US government says 'framework' for TikTok ownership deal has been agreed with China

Washington and Beijing may be moving closer to resolving the long-running dispute over TikTok. US Treasury Secretary Scott Bessent said a 'framework' agreement has been reached in trade talks with China in Madrid. This could open the door for American ownership of TikTok's US operations, with final approval expected from both leaders later this week. SEE ALSO: ‘Side hustle’ is the most popular misleading personal finance trend on TikTok Bessent said that US President Donald Trump and Chinese President Xi Jinping are scheduled to 'complete' the deal on Friday. He made the announcement during the second day of discussions intended… [Continue Reading]