U.S. officials said that they reached a preliminary deal with China on the fate of the social media platform TikTok that would address one of the biggest points of contention between the world’s two largest economies. Following two days of talks in Madrid, Treasury Secretary Scott Bessent said that the two sides had agreed to a “framework” for a deal to divest TikTok from its Chinese owner, ByteDance.
Read the article: The New York Times