U.S. Treasury Secretary Scott Bessent announced that the U.S. and China have finalized a deal transferring TikTok’s U.S. operations to American investors, easing trade tensions.
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President Donald Trump is set to approve a deal transferring TikTok’s U.S. operations to American investors, ensuring U.S. control over data, ownership, and its algorithm.
President Donald Trump announced a deal with China allowing TikTok to continue operating in the U.S., with Oracle retaining its cloud partnership under the agreement.