US‑TikTok agreement: what we know

WASHINGTON: The United States and China have reportedly reached a framework for an agreement over TikTok’s US operations, with final details expected in the coming days.

Under the deal, US investors will hold a majority stake in a newly structured US‑based TikTok entity. ByteDance, TikTok’s Chinese parent company, is expected to retain a minority share. 

The White House says that of seven board seats for the new US TikTok entity, six will be held by Americans. Karoline Leavitt said this includes oversight of the app’s algorithm. 

President Donald Trump announced on Tuesday that a deal has been struck to keep TikTok operating in the United States, with its American assets set to transfer from China’s ByteDance to US owners.

The agreement marks a major breakthrough in months of tense negotiations between Washington and Beijing, which have sought to ease a prolonged trade standoff that has rattled global markets.

TikTok, with more than 170 million users in the US, had faced the prospect of a ban unless its ownership structure was altered to address security concerns raised by the US government.

“We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said, without providing further details.

He lauded the trade deal reached with China, calling it an upgrade for both countries, and said it would preserve tens of billions of dollars of value.

“The kids want it so badly, I have parents calling me up. They don’t want it for themselves. They want it for their kids,” Trump said.