The deal could propel him far past Elon Musk to the title of world's first trillionaire.

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

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

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

The deal could propel him far past Elon Musk to the title of world's first trillionaire.

China and U.S. reach framework agreement to defuse trade war, TikTok deal deadline extended, final agreement anticipated.

President Donald Trump and Chinese President Xi Jinping are expected to speak Friday to finalize the TikTok deal.

Experts tell the BBC what a final deal might look like, and what Beijing might get in return.