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Strategies & Market Trends : World Outlook

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To: Les H who wrote (47695)9/15/2025 1:24:59 PM
From: Les H  Read Replies (1) of 49044
 
US, China reach framework deal on TikTok; Trump and Xi to speak on Friday

By David Lawder and Pietro Lombardi
September 15, 2025
  • Bessent says deal would address US security concerns but keep 'Chinese characteristics' of TikTok
  • Bessent says Trump and Chinese President Xi to hold a call on Friday
  • Other details of possible deal unclear at this point


MADRID/WASHINGTON, Sept 15 (Reuters) - U.S. and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to U.S.-controlled ownership that will be confirmed in a Friday call between U.S. President Donald Trump and Chinese President Xi Jinping.
After a meeting with Chinese negotiators in Madrid, U.S. Treasury Secretary Scott Bessent said a September 17 deadline that could have disrupted the popular social media app in the U.S. encouraged Chinese negotiators to reach a potential deal.

Reuters
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