U.S. and China Reach Framework Deal on TikTok amid Ongoing Tensions
September 15, 2025
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The United States has reportedly reached a "framework" agreement with China regarding the popular social media platform TikTok, according to CNBC, which cited Treasury Secretary Scott Bessent. The deal, described as between two private entities, involves mutually agreed-upon commercial terms.
Key Developments:
- Official Confirmation: Bessent mentioned on the sidelines of a diplomatic meeting in Madrid that the terms have been settled, though details have not been publicly disclosed.
- President Trump's Statement: Less than an hour after the report, former President Donald Trump suggested a deal had been finalized via his social media platform, Truth Social. He referenced a previous "certain" company favored by young Americans and announced plans to discuss the matter with China's President Xi Jinping on Friday.
Context and Timeline:
- The development comes just before the September 17 deadline for a potential TikTok ban in the U.S.
- Recent diplomatic sessions in Madrid focused on economic policies amid ongoing negotiations.
- In June, Trump indicated he had identified potential buyers for TikTok.
- On Monday, Reuters reported the U.S. was prepared to ban TikTok if China refused to relax tariffs and technology restrictions.
Historical Background:
- The U.S. banned TikTok on January 19, following the enactment of a federal law signed by President Joe Biden geared toward regulating foreign apps.
- Despite the ban, Trump issued multiple executive orders to keep TikTok operational within U.S. borders during his administration.
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- Techcrunch conference in San Francisco from October 27-29, 2025, will cover broader industry developments.
Stay tuned for further updates on this evolving story.
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