U.S. and China Have ‘Framework’ for TikTok Sale

“Officials from the United States and China met in Madrid on Monday for a second day of talks on extending a truce in President Trump’s trade war and deciding the future of TikTok in America,” the New York Times reports.

“Treasury Secretary Scott Bessent said that the two sides had agreed to a ‘framework’ for a deal to divest TikTok from its Chinese owner, ByteDance. President Trump and China’s top leader, Xi Jinping, are set to speak on Friday to approve the deal, which Mr. Bessent described as an agreement between ‘two private parties’ and would shift the social app into U.S.-controlled ownership.”