US-China framework to keep TikTok operating in the United States

U.S. officials said Monday that negotiators in Madrid have reached a framework agreement with China aimed at keeping the short video app TikTok operating in the United States, even as other trade issues between the two countries remain unresolved. Treasury Secretary Scott Bessent told reporters he believed the TikTok matter was either "very close" to resolution or had been resolved, and said a framework for a deal had been agreed that would pave the way for U.S. ownership or control of the app. President Donald Trump posted on his social media platform that the talks had gone "VERY WELL" and that "a deal was also reached" on the company "that young people in our Country very much wanted to save."

Officials described the talks as part of a broader, high-level trade dialogue in Madrid between U.S. and Chinese delegations that resumed this week. Bessent and U.S. Trade Representative Jamieson Greer led the American team in discussions with Chinese counterparts, including a delegation led by Vice Premier He Lifeng. Greer said after the meetings that negotiators had not yet found a path forward on broader trade imbalances, and Bessent cautioned that while TikTok may be nearly...