TikTok US ban threat comes to an end

After nearly five years of court battles and geopolitical wrangling, Beijing and the White House might finally be on the verge of ending a major tech standoff.

The US treasury secretar y Scott Bessent announced on Sunday that China and the US have “finalised the details” of a deal that would relocate TikTok’s American operations to new U.S.-based owners.

If confirmed, the move could end years of uncertainty over the future of the viral short-form video app.

“We reached a final deal on TikTok”, Bessent told CBS’s Face The Nation. “As of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction”, he added, ahead of Donald Trump’s meeting with Xi Jinping in South Korea on Thursday.

The $14bn (£10.49bn

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