US and China reach deal to transfer TikTok ownership, trade official says | TikTok
US Trade Representative Jamieson Greer said on Monday that Washington and Beijing have made a framework agreement on transferring Tiktok to US -controlled property.
Speaking after leaving the negotiations with the Chinese authorities, Scott Bessent said the agreement had arrived, but refused to explain the commercial conditions.
“We have a framework for the Tiktok agreement,” he said, after leaving the senior talks in Madrid to journalists. “We will not talk about the commercial conditions of the agreement. Between the two special parties, but an agreement was reached on commercial conditions.” Bessent added that the Chinese team had made “aggressive questions ve during the negotiations, but did not explain what they were.
Best Chinese Trade Negotiator Li Chenggang confirmed that on Monday, the two sides have reached a fundamental framework of considering the problems related to Tiktok through cooperation, reducing investment barriers and encouraging trade. Li warned Washington against the constant “suppression” of Chinese companies.
Li, “We want to emphasize that the results in trade and economic consultations have been difficult and the US side should not ask China to meet her concerns, but also continues to suppress Chinese companies,” he said.
The Framework Agreement is a long -standing disagreement in the ownership of Tiktok, a breakthrough in Washington’s national security concerns about the Appp’s Chinese main company’s slope. In April 2024, Joe Biden signed a legislation of nine months to sell the platform to a US-approved buyer or to encounter a total prohibition.
The US is estimated to end 135 million active users Despite the fact that the government devices themselves are on the platform, including the White House, which initiated its official account in August. Still prohibited From using the application under federal laws.
Tiktok briefly decided in January when the ban entered into force and showed messages that the application could not be used according to US laws. Trump reversed the closure within the hours after his assignment, and before he repeatedly extended the deadline, the execution order signed an executive order to delay 75 days. Apple and Google had removed Tiktok from the application stores during short dull, but the government had restored access after guarantees.
Washington’s security concerns focus on fears that Beijing can manipulate the major popular platform to watch the Americans or influence the public. Former FBI Director Christopher Wray, Alerted Senators He said that China’s national security laws could force user data or suppressing content, and last year, the Ministry of Justice said that Tiktok has collected the delicate data of American users by using LARK, a workplace communication platform similar to Slack or Microsoft teams, according to arms control, abortion and religion. According to the court documents.
Security experts have long pointed out the three main concern areas: Chinese impact campaigns, mass data collection on US citizens and potential security vulnerabilities that can endanger users’ devices.
The epic of Tiktok dates back to 2020 when Trump first ordered Tiktok or to encounter a closing. Microsoft initially continued a potential purchase of billions of dollars, CEO Satya Nadella interacted with Trump directly, but Nadella was disintegrated with what he dubbed at that time ”Strange deal“He never worked.
Shortly thereafter, he approached the purchase of Walmart and Oracle Tiktok’s US branch and proposed a joint acquisition of a new asset called Tiktok Global, but Biden management was shelved indefinitely after doing his own review of Chinese technology companies.
Oracle remained Tiktok’s US cloud provider An agreement that has been aiming to address security concerns since 2022.
Bessent said that when Trump spoke to China’s president Xi Jinping on Friday, the final details will be solved. Trump implied that the agreement was in the construction while all parties are still on the table. Real social This is an agreement in a ‘specific’ company that young people in our country want to save. They will be very happy! ”
Greer confirmed that the agreement is now waiting for approval from both leaders.
“We will not be in the business of having recurrent extensions, Greer said Greer. “We have an agreement.”
