US says 'framework' for TikTok ownership deal agreed with China

The US treasury secretary has said Washington reached a "framework" deal with China on the ownership of TikTok's American operations.

Scott Bessent said the framework was set in trade talks in Madrid to pave the way for US ownership. He added that US President Donald Trump and Chinese President Xi Jinping would "complete" the deal on Friday.

Trump said on Truth Social that the talks had "gone very well", while China confirmed a framework agreement but said no deal would be made at the expense of Chinese companies' interests...