Trump and China reach groundbreaking TikTok deal after years-long battle over the app

Donald Trump and Xi Jinping of China have reached a significant agreement to transfer TikTok to new ownership after a prolonged dispute over the app. Treasury Secretary Scott Bessent announced that the deal would be "consummated" during a meeting in Korea. All details of the agreement have been finalized, although specifics about the new owner remain undisclosed.

This resolution marks a historic conclusion to the struggle regarding one of the world's most popular social media platforms. The news comes as U.S.-China trade tensions seem to ease, with both sides indicating that a larger economic agreement may be approaching.