"The framework is for a switch to US-controlled ownership,"
"The two sides reached a basic framework consensus on resolving issues related to TikTok through cooperation, reducing investment barriers and promoting relevant economic and trade cooperation,"
"China will firmly safeguard the national interests, the legitimate rights and interests of Chinese enterprises,"
US and China reached a framework deal to transfer TikTok to US-controlled ownership, allowing the app to continue operating in the United States. Treasury Secretary Scott Bessent announced the framework after talks in Madrid and said Presidents Donald Trump and Xi Jinping were scheduled to speak on Friday to complete the agreement. China’s Vice Minister of Commerce Li Chenggang confirmed a basic framework consensus to resolve TikTok-related issues through cooperation, reduce investment barriers and promote economic and trade cooperation, and stated that China will safeguard national interests and legitimate rights of Chinese enterprises. US lawmakers had threatened a ban unless ByteDance sold its controlling stake amid data and influence concerns; President Trump extended the deadline to September 17 to allow time for a sale.
Read at www.dw.com
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