Summary
The U.S. government reached a preliminary agreement with China to prevent a TikTok shutdown by moving its ownership to American companies. Details of the deal are not fully known, but U.S. and Chinese officials have expressed a commitment to address security and data concerns. Discussions aimed at finalizing the ownership and data management arrangements are ongoing.
Key Facts
- The U.S. government is negotiating a deal with China to keep TikTok operating in the U.S.
- The agreement involves shifting TikTok's ownership to American companies.
- Treasury Secretary Scott Bessent announced that the deal terms are agreed but not disclosed.
- U.S. and China officials highlighted the importance of national security and data protection.
- Oracle has been mentioned as a potential buyer for TikTok.
- The deadline for reaching a TikTok ownership deal has been extended several times by Trump.
- A Pew Research Center survey showed Americans are divided on a potential TikTok ban and data security concerns.
- President Trump has been active on TikTok and acknowledged its influence on young voters.
