The United States and China may finally have the Tiktok deal

The United States and China have reached a “framework” deal to strip Tiktok from its Chinese mother company. As noted ReutersBessent This is confirmed “The framework is the transition to a US -controlled property.” He said that Trump will confirm the deal with Chinese President Xi Jinping on Friday – two days after the deadline for selling or banning the application.

The initial deal comes after months of rocky negotiations between Tiktok and Trump administration. The application faced a ban in January, but President Donald Trump Tiktok was given an extension To connect a deal to sell its operations in the United States, as required by the American Protection Law from the anti -foreign discount applications. Trump grant Tijook Two others Extensions after thatGive it until September 17 to reach an agreement. It is not known if he will formally extend the deadline or consider this announcement sufficient as cancellation; It is also not clear whether the deal will fulfill the requirements in the law.

Pisent told correspondents that the United States and China are “very close” to reaching a deal, but China had some “very ask”, according to to New York Times. (The parties were close to a deal earlier this year as well, but they were purchased thanks Trump’s commercial war.) In July, reports from Information and Reuters Proposal Oracle and many other investors, including Susquehanna International Group and Andressen Horowitz, will make a offer for Tiktok, while her China’s mother -owned mother company will receive a minority stake. Tiktok is said to work on a new version of the application with a trained algorithm on data from American users.

In a post on the social truth, Trump said that the meeting between China and the United States was “very good,” adding that “a certain company” in which young people in our country wanted to save. “