The US and China have reached a framework agreement to transfer TikTok to US-controlled ownership, ending years of dispute over national security concerns. US trade representative Jamieson Greer confirmed the deal, while Treasury Secretary Scott Bessent said commercial terms had been agreed but would not be disclosed.
Chinese negotiator Li Chenggang said both sides reached a basic framework consensus to resolve TikTok-related issues through cooperation. The agreement follows legislation signed in April 2024 requiring ByteDance to sell TikTok to a US-approved buyer or face a ban, a deadline extended multiple times by former President Trump.
Previous attempts to acquire TikTok’s US operations included Microsoft, Walmart, and Oracle, all of which fell through. Oracle has remained TikTok’s US cloud provider since 2022 under a security-focused deal.
Final details will be settled during a meeting between Trump and Chinese President Xi Jinping. The US has over 135 million active TikTok users, though government devices are still barred from using the app.
