TikTok to ‘switch to US-controlled ownership’ under framework deal: US Treasury chief

The United States announced Monday a “framework” deal with China to resolve their dispute over TikTok, as a deadline looms this week for the Chinese-owned app to be sold or face a US ban.

In a social media post, US President Donald Trump said — without directly naming the social media giant — that a deal was reached with a “certain company that young people in our Country very much wanted to save. They will be very happy!”