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US and China reach TikTok deal after years of security disputes
['Paul Jones', 'Harvard Alumni', 'Former New York Times Journalist. Editor Of Business Matters For Over Years', "The Uks Largest Business Magazine. I Am Also Head Of Capital Business Media'S Automotive Division Working For Clients Such As Red Bull Racing", 'Honda', 'Aston Martin']
News Archives - Business Matters
US trade representative Jamieson Greer confirmed on Monday that negotiators had struck a framework deal with Beijing following high-level talks in Madrid.
His successor, Donald Trump, has repeatedly extended the deadline but kept up pressure on both sides to strike a deal.
The security concerns fuelling the row centre on fears that Chinese national security laws could compel ByteDance to hand over American user data or manipulate content.
The ownership saga stretches back to 2020 when Trump first ordered ByteDance to sell TikTok or face a ban.
Final details of the new deal are expected to be settled when Trump meets China’s president Xi Jinping on Friday.
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