SUMMARY
U.S. and Chinese negotiators have outlined a deal concerning TikTok ownership, according to Treasury Secretary Scott Bessent. President Trump is scheduled to discuss the details with Chinese President Xi Jinping this week.
Bessent confirmed, "We have a framework for a TikTok deal," after talks in Spain, emphasizing the agreement involves private parties. TikTok's future was a central topic of discussion.
Despite concerns over national security and data privacy, Trump has delayed the enforcement of a Congressional ban on TikTok. His administration previously moved toward a deal to sever TikTok from its Chinese parent company, ByteDance, though obstacles remain regarding the approval process by the Chinese government.
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