U.S. Treasury Secretary Scott Bissent announced a framework agreement regarding the future of TikTok’s operations in the United States during trade talks held between the U.S. and China in Madrid.
This announcement is part of ongoing efforts to avert a ban on the app in the U.S., which was set to begin on September 17, 2025, unless the app’s American assets were sold by its parent company, ByteDance.
Bissent stated to reporters, “We have reached a framework agreement on TikTok, and we are very close to resolving this issue.” He noted that this agreement does not affect the broader relationship between the two countries, emphasizing that the trade discussions in Madrid continue to focus on wider issues such as tariffs and trade.
These developments occur amid ongoing tensions surrounding TikTok, with the U.S. expressing national security concerns, alleging that the personal data of American users could be vulnerable to exploitation by the Chinese government.
In response, China has asserted that it will not approve any sale of TikTok assets without its consent, complicating negotiations.
Additionally, former U.S. President Donald Trump remarked that TikTok’s fate may depend on China’s decision, stating, “We might let the app die, or we might do something else; that relies on China.” This reflects the delicate balance between political and economic pressures in this matter.
Details of the agreement are expected to be announced soon, as international scrutiny continues on this issue, which is considered one of the significant challenges in U.S.-China relations in recent years.
Source
