The United States and China announced a "framework" deal on Monday to resolve their dispute over TikTok that calls for the Chinese-owned app to pass to US-controlled ownership.

In a social media post, US President Donald Trump said -- without directly naming the social media giant -- that a deal was reached with a "certain company that young people in our Country very much wanted to save. They will be very happy!"

Trump added on his Truth Social network that he would speak to Chinese President Xi Jinping on Friday.

A senior Chinese official said the two sides "reached a basic framework consensus on resolving issues related to TikTok through cooperation, reducing investment barriers and promoting relevant economic and trade cooperation."

"China will firmly safeguard the national interes

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