Tiktok Deal has been reached with “framework” with China

Treasury Secretary Scott Beesen said on Monday that the United States and China have a “framework” deal for the social media platform Tiktok.

“It is between two private parties, but it was agreed on commercial conditions,” he said. President Donald Trump and Chinese President Xi Jinping will meet on Friday to discuss the conditions.

On Monday, Trump said in a Social truth After Monday, a deal was reached “a” specific company “that our youth in our country wanted to save it a lot,” as US and China officials in Madrid met to discuss a wide range of issues, including the social media platform.

Bessent also indicated that the framework can burn the US -controlled property.

The administration was facing a final date on September 17 to strip the American Tiktok work or stop the social media application in the country. Last year, Congress approved a law prohibiting the Apple and Google application operators from Tiktok distribution in the United States because of its “foreign application controlled by the opponent”. Companies will face fines for non -compliance.

Relations between the two countries were strained in recent months under the weight of the Trump tariff and other commercial restrictions.

Trade Secretary Howard Lootnick also He said in July Which – which Tikhak Americans will be closed if China The United States does not give more autonomy on the famous short video application.

Trump had previously raised issues with Tiktok, where he told CNBC in an interview last year that he believed the platform was a threat to national security.

In January, Trump signed an executive order given by BYTEDANCE 75 days to conclude a deal. Additional additions came through the executive order In April and In June.

Trump Fox News told June that he had a group of “very wealthy” ready by the social media platform and could reveal their identities within two weeks. The detection never comes.

Previously He said He will be open to Oracle President Larry Ellison or CEO Offer To obtain a acquisition, as businessman Frank McCort did Freedom Project The online invitation group, CNBC in January.

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