TikTok Deal 'Framework' Reached With China

Treasury Secretary Scott Bessent announced that the U.S. and China have reached a tentative "framework" agreement on TikTok's U.S. operations, with Presidents Trump and Xi set to finalize details Friday. "It's between two private parties, but the commercial terms have been agreed upon," he said. The update comes two days before TikTok parent company ByteDance faces a Sept. 17 deadline to divest the platform's U.S. business or potentially be shut down in the country. The deadline may need to be pushed back yet again to get the deal signed. CNBC reports: Both President Donald Trump and Chinese President Xi Jinping will meet Friday to discuss the terms. Trump also said in a Truth Social post Monday that a deal was reached "on a 'certain' company that young people in our Country very much wanted to save."

Bessent indicated the framework could pivot the platform to U.S.-controlled ownership. China's lead trade negotiator, Li Chenggang, confirmed the framework deal was in place and said the U.S. should not continue to suppress Chinese companies, according to Reuters.

Let me guess

[ArchieBunker]

Larry Ellison and cheeto gets a cut just like the US Steel deal.

Re:

[fahrbot-bot]

Larry Ellison and cheeto gets a cut just like the US Steel deal.

And... Trump gets editorial control and preferred feed placement, Pam Bondi gets warrant-less access to all user data, Stephen Miller gets control of (shadow) banning people and Karoline Leavitt is in charge of "fact checking" ... And JD? Nothing, no one likes him. :-)

Re:

[Anonymous Coward]

I wonder why it's fine for Trump to repeatedly assassinate people on the high seas. But one MAGA gets killed and they're all crying how it's not fair.

Re:

[DarkOx]

Yeah, it is almost like State actors have powers we don't legally afford individuals or some crazy reason like that..

Overheard in the White House

[alvinrod]

It's been reported that Trump was overheard by anonymous sources saying, "I'll have those Zoomers voting Republican for 200 years," as he executed a meeting.

Xi doesn't need TikTok

[migos]

It's a useful tool for his foreign propaganda, but he knows that if TikTok goes dark it's a political disaster. Xi's using this as leverage to get concessions in other areas. Let's see what Trump is willing to give up to keep TikTok alive. If a deal isn't signed he'll likely postpone this until after midterm

Re:

[AmiMoJo]

It legitimizes seizing foreign owned businesses, the very thing that Americans keep accusing China of doing.

As usual, Trump has been played like a cheap fiddle.

Oh well

[Tony Isaac]

We came *this* close to getting rid of TikTok!