US says ‘framework’ for TikTok ownership deal agreed with China
SEPT 15 - The US treasury secretary has said Washington reached a "framework" deal with China on the ownership of TikTok's American operations. Scott Kenya breaking news | Kenya news today |..
✨ Key Highlights
The US Treasury Secretary Scott Bessent announced a "framework" deal with China regarding the ownership of TikTok's American operations, aiming to resolve the impending sale deadline. US President Donald Trump and Chinese President Xi Jinping are expected to finalize the agreement on Friday.
- The deal was reached during trade talks in Madrid, with Bessent stating that the threat of a US shutdown of TikTok led Chinese negotiators to drop demands for reduced tariffs.
- Key figure involved: Scott Bessent, US Treasury Secretary, and Li Chenggang, China's top trade negotiator.
- A previous US Supreme Court ruling in January upheld a law passed in April 2024, mandating the sale of TikTok's US division or face a ban, citing national security concerns over user data.
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Trump Announces NYT Lawsuit, Faces Court Ruling, and Moves on TikTok Deal - September 2025
Former U.S. President Donald Trump announced on Monday his plan to sue the New York Times for $15 billion over alleged defamation and libel, stating the lawsuit will be filed in Florida. In a separate event, a federal appeals court has blocked President Trump from removing Federal Reserve governor Lisa Cook, a ruling that allows her to participate in the upcoming Fed's policy meeting. Additionally, the US Treasury Secretary announced a "framework" deal has been agreed with China regarding the ownership of TikTok's American operations. US President Donald Trump and Chinese President Xi Jinping are expected to finalize the agreement on Friday.
