Bessent says US, China have 'framework' on TikTok deal; Trump, Xi to meet Friday to finalize

Group 1 - The U.S. and China have reached a framework deal allowing TikTok to continue operations in the U.S. amid ongoing trade negotiations, preventing a potential shutdown [1][2] - The deal involves a transition to U.S.-controlled ownership of TikTok, as stated by Bessent following negotiations with the Chinese delegation [1] - President Trump is set to discuss the finalization of the deal with Chinese President Xi Jinping [1][4] Group 2 - U.S. Trade Representative Jamieson Greer indicated a possible short extension of the September 17 deadline, which would not have occurred without the framework agreement [2] - China is reportedly seeking concessions from the U.S. on trade and technology policy in exchange for divesting from TikTok, with Bessent noting aggressive demands from the Chinese side [4] - Trump expressed optimism about the trade meeting outcomes, highlighting a deal that would please young Americans regarding TikTok [4]