Summary • The US and China have agreed to a deal to transfer TikTok's ownership to a US-based entity • US officials announced the agreement, confirming that commercial terms have been settled • Details are expected to be finalized during a meeting between Presidents Trump and Xi Jinping on September 19

US trade representative Jamieson Greer announced that the United States and China have landed on an agreement to transfer the ownership of TikTok to a US-based entity.

As per The Guardian, US treasury secretary Scott Bessent spoke to the press after negotiations with Chinese officials in Madrid, “We have a framework for a TikTok deal.” He continued, “We’re not going to talk about the commercial terms of the deal. It’s between two private parties, but the commercial terms have been ag

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