US and Chinese officials have agreed on a framework to transfer TikTok into US-controlled ownership, resolving years of disputes. The deal follows national security concerns in Washington over ByteDance, TikTok’s Chinese parent company.
US trade representative Jamieson Greer and treasury secretary Scott Bessent confirmed that commercial terms are agreed, though details remain private. China’s negotiator Li Chenggang said both sides reached a framework consensus. Final approval now depends on talks between Donald Trump and Xi Jinping.
The dispute began in 2020 when Trump ordered ByteDance to divest TikTok. Microsoft, Walmart, and Oracle pursued deals, but none succeeded. Oracle has since provided TikTok’s US cloud services. Biden’s 2024 law required ByteDance to sell within nine months or face a ban, with Trump repeatedly extending deadlines.
TikTok has over 135 million active US users. The White House recently joined the platform, though federal devices remain barred from using the app.
