海角社区官网

鈥淲e are not going to talk about the commercial terms of the deal,鈥� Bessent said. 鈥淚t鈥檚 between two private parties. But the commercial terms have been agreed upon.鈥�

Li Chenggang, China’s international trade representative, said the two sides have reached 鈥渂asic framework consensus鈥� to properly solve in a cooperative way, reduce investment barriers and promote related economic and trade cooperation, according to China’s official news agency Xinhua.

Li said the two sides had 鈥渃andid, in-depth” discussions over TikTok and matters of concern to China.

The meeting in Madrid is the between U.S. and Chinese officials since Trump on Chinese goods in April. A fifth round of negotiations is likely to happen 鈥渋n the coming weeks,鈥� Bessent said, with both governments planning for a possible summit between Trump and Xi later this year or early next year to .

However, nothing has been confirmed, and analysts say could delay the visit.

Chinese officials didn’t immediately speak to the media following the Madrid talks, but Chinese Vice Premier He Lifeng, who led the Chinese delegation, was seen smiling when he left the venue.

During Joe Biden鈥檚 Democratic presidency, Congress and the White House used national security grounds to approve unless its parent company, ByteDance, sold its controlling stake.

Trump, a Republican, has repeatedly for shutting down TikTok, even though the law allows for just one 90-day reprieve, and only if there鈥檚 a deal on the table and a formal notification to Congress.

The current extension expires Wednesday, two days before Trump and Xi are scheduled to discuss the final details of the framework deal. Although Trump hasn’t addressed the forthcoming deadline directly, he has claimed that he can .

TikTok is one of more than 100 apps developed in the past decade by ByteDance, a technology firm by Chinese entrepreneur Zhang Yiming and headquartered in Beijing鈥檚 northwestern Haidian district.

In 2016, ByteDance launched a short-form video platform called Douyin in China and followed up with an international version called TikTok. It then bought , a lip-syncing platform popular with teens in the U.S. and Europe, and combined it with TikTok while keeping the app separate from Douyin.

Soon after, the app boomed in popularity in the U.S. and many other countries, becoming the first Chinese platform to make serious inroads in the West. Unlike other social media platforms that focused on cultivating connections among users, TikTok tailored content to people鈥檚 interests.

The often silly videos and content creators posted gave TikTok an image as a sunny corner of the internet where users could find fun and a sense of authenticity. Finding an audience on the platform helped launch the careers of music artists like Lil Nas X.

TikTok gained more traction during the shutdowns of the COVID-19 pandemic, when short dances that went viral became a mainstay of the app. To better compete, eventually came out with their own tools for making short-form videos, respectively known as Reels and Shorts. By that point, TikTok was a bona fide hit.

in tandem with TikTok鈥檚 success. U.S. officials expressed concerns about the company鈥檚 roots and ownership, pointing to laws in China that require Chinese companies to hand over data requested by the government. Another concern became the proprietary algorithm that populates what users see on the app.

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Boak reported from Washington. Associated Press writers Didi Tang and Mark Sherman in Washington contributed to this report.