Trump’s TikTok Deal With China — What Do We Know?: QuickTake

After more than a year of negotiations, the US and China have struck a framework agreement to hive off the US operations of social media platform TikTok to a consortium that includes software giant Oracle Corp. If the deal is finalized, it would resolve a persistent issue in Beijing-Washington relations that has become entangled in broader negotiations over trade.

Under a law signed last year by then-President Joe Biden — the Protecting Americans from Foreign Adversary Controlled Applications Act — the app’s owner, Beijing-based ByteDance Ltd., was ordered to either sell off TikTok US or discontinue the service. ...