Overview

• China’s Ministry of Commerce announced a basic framework agreement addressing the platform’s future in the U.S. and confirmed plans to keep consulting to resolve remaining differences.
• U.S. Treasury Secretary Scott Bessent said the sides are very close to a resolution and noted an unspecified aggressive request from the Chinese delegation.
• Working groups from both governments will hold additional talks to prepare final texts and align internal procedures for approval.
• U.S. officials say Beijing is trying to link broader trade demands to the platform settlement, while Washington seeks to keep the issues separate.
• The negotiations unfold under a 2024 U.S. law, upheld by the Supreme Court in January 2025, that permits a ban unless the platform is separated from ByteDance, with enforcement timelines previously delayed by presidential action.