US, China reach framework deal on TikTok after talks in Madrid

The US and China reached a framework deal on short-video app TikTok as part of broader talks on tariffs and economic policy that concluded in Madrid on Monday, US Treasury Secretary Scott Bessent said.

A deal would allow TikTok to keep operating in the United States where it has faced being shut down as soon as September 17 unless it moved to US ownership.

“The framework is for a switch to a US-controlled ownership,” Bessent told reporters in Madrid at the conclusion of two days of talks, without providing further details.

There could be a short…