Is the TikTok Saga Finally Over?

抖音风波终于落幕?

The Journal.

2025-09-18

17 分钟
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After a series of extended deadlines, the U.S. and China say they have a framework for a deal for the future of TikTok. Alex Leary discusses who comes out ahead.  Further Listening:  - Wait… Was That the TikTok Ban? - The Day the Music Died on TikTok Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Earlier this week,

  • officials from the US and China flew to Madrid for yet another round of trade negotiations.

  • For two days, the delegations holed up in a 17th century palace,

  • discussing terms about everything from soybean imports to tariffs.

  • But one issue quickly emerged as a focal point, TikTok.

  • For months, TikTok's US presence has been hanging on the edge of survival,

  • as the US and China negotiated over the app's ownership.

  • And as the two sides met in Madrid, they faced a pressing deadline.

  • Unless they could agree on a way to sell TikTok to a US owner by today,

  • September 17th, the app would go dark for its 170 million US users.

  • It's a potentially make or break moment for TikTok.

  • Today was the day that the last Trump extension expired.

  • So it would have forced essentially the shutdown of the app.

  • But at the last minute, they kind of emerged from these meetings and said,

  • we have a framework of a deal.

  • That's our colleague, Alex Leary, who covers politics.

  • Now, the key word there is framework.

  • That does not mean a deal.

  • It means a framework, sort of the outlines of a deal.

  • So one big caution here is that a lot of this is still being worked out.