# President Donald Trump says the United States and China had reached a deal over TikTok, which Washington says must pass to US-controlled ownership. The deal was negotiated over two days of talks in Madrid between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. TikTok, which boasts almost two billion global users, is owned by China-based ByteDance. A US federal law requiring TikTok’s sale or ban on national security grounds was due to take effect the day before Trump’s inauguration on 20 January. Trump put the ban on pause.
Trump says they have a deal with China to take over TikTok