A significant breakthrough in U.S.-China trade negotiations has been achieved with a framework deal agreed upon for the ownership of the popular social video platform TikTok. U.S. Treasury Secretary Scott Bessent announced the agreement following intense weekend talks held in Washington between negotiators from both countries. This deal is set to enable U.S. ownership of TikTok’s American operations.
Negotiations have been ongoing for years due to serious concerns over:
- Data security
- Foreign influence
The agreement represents a crucial step toward resolving complex digital and trade disputes between the world’s two largest economies.
Key Points of the Agreement
- President Donald Trump hinted at the deal and plans to discuss it with Chinese leader Xi Jinping later this week.
- TikTok, owned by Chinese company ByteDance Ltd., has been involved in controversies over privacy and national security.
- The new framework aims to keep TikTok operational in the United States while addressing regulatory and ownership concerns.
- Further details on the deal’s structure and implementation are expected soon.
This development is viewed as a vital turning point that could ease tensions in U.S.-China relations and influence future digital trade policies. Stay tuned to Questiqa World News for more updates on this evolving story.
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