ASV, Ķīna sasniedz “Framework” darījumu par tiktok

The US has reached a “systems” deal with China over social media platform Tiktok, CNBC reported, citing Treasury Secretary Scott Bessent.

“This is between two private parties, but commercial terms have been agreed upon,” CNBC quoted Bessent as saying on the sidelines of a meeting between the two countries in Madrid on Monday.

The news comes nearly an hour after US President Donald Trump indicated on his social media platform Truth Social that a deal had been reached for the short-lived app.

“A deal was also reached on a ‘certain’ company that the young people of our country were very keen to save,” Trump said in the post, adding that he would speak with Chinese President Xi Jinping on Friday.

Trump’s message comes days before the fourth TikTok ban expires on September 17th, as delegations from both countries met in Madrid today to discuss economic policy. In June, the president indicated that he had found a group of TikTok buyers.

Earlier on Monday, Reuters reported that the US was prepared to ban the social media app if China did not withdraw its demands to reduce tariffs and loosen its restrictions on its technology.

The US banned TikTok on January 19th after a federal law signed by former President Joe Biden took effect. However, Trump has signed several executive orders since taking office to keep the app operating in the country.