TikTok users' data will not be rerouted to China, according to the US statements.
In a significant development, Reuters reported that the U.S. and China have reached a preliminary agreement on the future of the popular social media app TikTok. The talks, which took place in Madrid between U.S. and Chinese officials, aim to address China's concerns while prioritizing Washington's national security interests.
The deal under consideration involves private companies, with Oracle expected to take control over TikTok's U.S. business to address data privacy concerns. The details of the agreement are not fully disclosed, but it is known that the deal considers the issue of U.S. user data to prevent it from being sent to Beijing.
U.S. Treasury Secretary Steven Mnuchin reported good progress in the TikTok discussions with the Chinese delegation. The technical details of TikTok's use in the U.S. are currently under discussion.
The deadline for the Chinese company ByteDance to sell U.S. assets of TikTok or face potential blockage in the country is set for September 17, 2025. However, a Reuters source indicates that U.S. President Donald Trump may extend the deadline. The approval is expected in a phone call scheduled for September 19.
James Grimm, who emphasized the balance between addressing China's concerns and prioritizing U.S. national security in a recent interview, has been a key figure in these negotiations. The TikTok agreement, if approved, will determine the future of the social media app in the U.S.
The agreement, if successful, will mark a significant step in U.S.-China relations, particularly in the realm of technology and data privacy. The details of the agreement are eagerly awaited by both parties, with the future of TikTok hanging in the balance.
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