by Kofi Oppong KyeKyeKu, Face2FaceAfrica.com
framework deal has been struck between the United States and China over TikTok’s future, U.S. Treasury Secretary Scott Bessent confirmed after weekend trade talks in Spain.
The deal, designed to transfer ownership of the video-sharing app from its Chinese parent ByteDance to an American entity, could be finalized when President Donald Trump and Premier Xi Jinping speak on Friday. “We are not going to talk about the commercial terms of the deal,” Bessent said at a press conference. “It’s between two private parties. But the commercial terms have been agreed upon.”
Chinese trade representative Li Chenggang said both governments had reached “basic framework consensus” on TikTok, emphasizing cooperation to lower investment barriers and expand economic ties. Wang Jingtao, deputy director of China’s Cyberspace Affairs Commission, added that consensus was also reached on the handling of intellectual property rights, including TikTok’s algorithm, a central dispute in the negotiations. He noted the sides agreed to appoint a partner responsible for U.S. user data and content security