TikTok, one of the world’s most widely used video-sharing platforms, is set to undergo a major change in ownership. A new framework agreement has been announced that would transfer control of the app to a US-based structure. The development was revealed by US Treasury Secretary Scott Bessent following trade discussions held in Spain between American and Chinese officials. The agreement, which could soon be finalized by Trump and Chinese Premier Xi Jinping, is designed to address long-standing national security concerns surrounding TikTok’s Chinese parent company, ByteDance.

Framework Agreement Announced

According to the announcement, the framework establishes a pathway for TikTok’s operations to be placed under US-controlled ownership. This move is intended to ensure that American users can continue accessing the app without interruption while alleviating fears about data security and foreign influence. The deal represents a significant step in negotiations between Washington and Beijing, highlighting how technology and trade remain closely intertwined in global relations.

National Security Concerns at the Center

For years, US officials have voiced concerns about TikTok’s ties to ByteDance, citing risks that user data could be accessed or influenced by entities outside the United States. By shifting ownership into a US-controlled structure, policymakers aim to reduce those risks while preserving the platform’s availability for millions of American users. This approach reflects broader efforts by governments worldwide to balance digital innovation with national security safeguards in an increasingly interconnected online environment.

The Role of Trade Talks in Spain

The announcement came after discussions in Spain between American and Chinese representatives. These talks provided an opportunity for both sides to address not only trade disputes but also technology-related issues that have become central to their economic relationship. By including TikTok’s ownership structure within the scope of negotiations, both governments signaled their recognition of how digital platforms now play a critical role in international diplomacy and commerce.

TikTok’s Rise During Global Lockdowns

TikTok surged in popularity during the Covid-19 lockdowns, becoming a cultural phenomenon as users turned to short-form videos for entertainment and connection during periods of isolation. Its rapid growth cemented its position as one of the most influential social media platforms globally, particularly among younger audiences. This popularity has made resolving questions over its ownership even more urgent, as millions rely on the app daily for creative expression and community engagement.

Next Steps Toward Finalization

While details of the framework have been outlined, final approval rests with Trump and Chinese Premier Xi Jinping. Their decision will determine whether the agreement moves forward as planned and whether TikTok transitions fully into US-controlled hands. Observers see this potential deal as a pivotal moment not only for TikTok but also for how governments manage cross-border technology companies in an era where digital platforms wield significant influence over communication and culture.

The proposed transfer of TikTok’s ownership marks a turning point in ongoing debates about technology, security, and global trade relations. If finalized, it could provide reassurance for American users while setting a precedent for how similar cases may be handled in the future. The outcome will likely shape both TikTok’s trajectory and broader discussions on balancing innovation with national interests worldwide.