ETtech explainer | The TikTok ‘framework’ deal between the US and China

The United States and China have reached a framework agreement over the future of TikTok in the US, just days before the app was due to be banned. US President Donald Trump confirmed the development on his Truth Social platform, announcing that “a deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save”.

The announcement came after US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer met with Chinese officials in Madrid. Following the talks, they revealed that both sides had