US, China reach ‘framework’ deal on TikTok ownership

Madrid: The United States and China announced a “framework” deal on Monday to resolve their dispute over TikTok that calls for the Chinese-owned app to pass to US-controlled ownership.

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!”