The U.S. and China appear to be advancing a TikTok framework in Madrid, signaling a multi-day push to resolve ownership and operational issues.
A framework deal has been reached for the ownership of popular social video platform TikTok, U.S. Treasury Secretary Scott Bessent said after weekend trade talks between the U.S. and China in Spain.
The framework would let TikTok continue operating in the United States, although the two countries are still working out the details.