Recall the TikTok prohibition? The widely-used short video platform was momentarily inaccessible in the U.S. earlier this year due to a state law intended to sever TikTok from its Chinese proprietors.
However, during President Donald Trump’s Inauguration weekend, TikTok became available once more for U.S. users after Trump granted TikTok and its parent firm Bytedance additional time to finalize a sale.
Notwithstanding this, TikTok still encountered the threat of a U.S. prohibition.
On Monday, it appears that the U.S. and China have come to a preliminary agreement concerning TikTok. President Trump’s Treasury Secretary Scott Bessent declared that a “framework” for a TikTok arrangement was consented to by both nations during broader trade negotiations in Spain. The Associated Press reveals that Bessent announced this at a press briefing in Madrid.
The specifics of this framework agreement remain ambiguous. Nevertheless, China’s officials also verified that the two nations concurred on a “basic framework consensus” regarding TikTok-related matters, as reported by the Associated Press.
Before Bessent’s declaration, Trump alluded to the TikTok arrangement in a post on his social media platform TruthSocial.
“The significant Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL!” Trump shared. “A deal was also finalized on a ‘certain’ company that young individuals in our Country greatly wished to preserve. They will be very delighted! I will be communicating with President Xi on Friday. The relationship remains exceedingly strong!!!”
The legislation to prohibit TikTok over national security apprehensions originated during Trump’s initial administration, and the initiative to ban the application persisted under the Biden administration. Trump has previously asserted that his campaign’s utilization of TikTok assisted him in securing a second term, according to USA Today.
Yet, just this past July, Trump administration officials adopted a more severe approach in discussions about a TikTok deal. U.S. Commerce Secretary Howard Lutnick indicated over the summer that the U.S. required control of the platform and its algorithm, or TikTok would be terminated in the U.S., per CNBC.
A potential TikTok ban has been a significant worry for creators who have established a following on the application and depend on it for revenue.