On September 16, former President Donald Trump announced that the United States and China have reached an agreement allowing TikTok to continue operating in the U.S., potentially ending months of uncertainty surrounding the app’s future.
Key Points:
The deal will involve transferring TikTok’s U.S. assets from its Chinese parent company, ByteDance, to American ownership.
A new buyer for TikTok's U.S. operations is expected to be revealed soon.
The agreement represents a breakthrough in U.S.-China negotiations, helping to ease tensions that have fueled a broader trade conflict.
TikTok has approximately 170 million U.S. users, making it one of the most widely used social media platforms in the country.
TikTok is developed by ByteDance, a Beijing-based tech company founded in 2012 by Zhang Yiming.
The move is seen as an attempt to address U.S. national security concerns over data privacy while maintaining access to a platform popular with millions of Americans.
