Kiichiro Sato / AP

Updated September 15, 2025 at 9:11 AM PDT

U.S. officials say they have reached a "framework" for a deal with China over the fate of the hugely popular short-video platform TikTok, an apparent breakthrough in the multi-year standoff over the ban against the Chinese-owned app.

Treasury Secretary Scott Bessent announced the news after two days of talks with Chinese officials in Madrid. He added that President Trump and Chinese leader Xi Jinping would "speak on Friday to complete the deal."

Trump posted on social media: "A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!"

China's state news ag

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