The United States and China have reached a framework agreement to transfer TikTok’s ownership to US control.

Officials from both countries made the announcement on Monday.

The short-form video app was set to be banned in the US by Wednesday if its owner ByteDance did not agree to sell the company to a US-based operation or if the US did not extend a pause of the ban, which the White House has already done three times, most recently in June.

US President Donald Trump applauded the deal, which will be confirmed when he discusses it with his Chinese counterpart President Xi Jinping on Friday.

“A deal was also reached on a “certain” company that young people in our Country very much wanted to save,” Trump wrote on his social media platform Truth Social on Monday.

“The relationship remain

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