The "framework" deal with China is "between two private parties, but the 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.

Trump says talks in Madrid went ‘VERY WELL’, with a potential deal on TikTok, but Beijing’s antitrust action against Nvidia injects a sour note.

The "framework" deal with China is "between two private parties, but the commercial terms have been agreed upon," CNBC quoted Bessent as saying on the sidelines of a meeting…

The U.S. and China have a 'framework' deal for social media platform TikTok in place, Treasury Secretary Scott Bessent said Monday.

Framework deal is breakthrough in long-running dispute over app’s ownership amid security concerns in Washington

The deal will pave the way to US ownership of the social media platform's American operations, according to the US treasury secretary.

Top economic officials met in Madrid for a second day, with deadlines looming on tariffs and a ban on TikTok in the United States if it is not sold by its Chinese owner, ByteDance.

MADRID/WASHINGTON: US and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to US-controlled ownership that will be…

Li Chenggang, China's international trade representative, said the two sides have reached “basic framework consensus,' according to Xinhua.

The app would have gone dark if China’s ByteDance had not divested by Wednesday.

Deal talks have dragged, with President Donald Trump extending the deadline three times since taking office in January.

TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains…