A 'framework' for a deal to keep TikTok operating in the U.S. has been struck days before a deadline to once again ban it, the Trump administration has shared.
Treasury Secretary Scott Bessent announced Monday that the U.S. and China have reached a framework for a TikTok deal.
Bessent, who met with Chinese Vice Premier He Lifeng in Madrid, said the agreement was made with guidance and involvement from President Donald Trump.
The Treasury secretary also said that his Chinese counterparts made some 'aggressive asks' during the negotiation.
Trump said on Monday that he will speak with Chinese President Xi Jinping on Friday about the company 'that young people in our country very much wanted to save.'
