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U.S. and China Strike TikTok Framework as Trump Extends Deadline to Dec. 16

A leader-level call Friday is expected to confirm the plan.

Overview

  • Following talks in Madrid led by Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, both sides announced a framework for moving TikTok’s U.S. operations to U.S.-controlled ownership.
  • President Donald Trump signed a decree pushing the divest-or-ban deadline to December 16, 2025, allowing TikTok to continue operating in the United States.
  • Trump and Chinese President Xi Jinping are slated to speak Friday to finalize the arrangement, according to U.S. officials.
  • Officials said commercial terms have been agreed between private parties, with key specifics not disclosed, including ownership structure, algorithm oversight and data-access safeguards.
  • Chinese representatives described a basic consensus to resolve the matter through cooperation, and coverage indicates the arrangement targets only the U.S. market with no change to service elsewhere.