A deal between the US and China regarding TikTok has been reached, US officials say. Photo: AP PHOTO

The United States and China have reached a framework agreement to switch short-video app TikTok to US-controlled ownership, top US officials say.

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President Donald Trump set to speak with Chinese President Xi Jinping on Friday, the officials said on Monday.

US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer announced the agreement after a meeting between senior US and Chinese officials in Madrid, but declined to give any of the commercial terms of the agre

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