The US and China have reached a “framework” deal to divest TikTok from its Chinese parent company, Treasury Secretary Scott Bessent told reporters during trade talks in Madrid on Monday. As noted by Reuters, Bessent confirmed that “the framework is for a switch to a U.S.-controlled ownership.” He said Trump will confirm the deal with Chinese President Xi Jinping on Friday — two days after the latest deadline to sell or ban the app.
The preliminary deal comes after months of rocky…
