US Strikes Profitable TikTok Agreement

President Donald Trump announced a lucrative fee for the U.S. stemming from an TikTok ownership agreement. The deal, set for finalization with Chinese President Xi Jinping, promises substantial financial gains. Trump's comments were made alongside British Prime Minister Keir Starmer.

The United States is poised to secure a substantial financial gain from an agreement involving TikTok, a popular China-based short video platform. On Thursday, President Donald Trump revealed the details of this arrangement during a joint press conference held with British Prime Minister Keir Starmer.

Trump emphasized the lucrative nature of the deal, describing it as a 'fee plus' arrangement that benefits the U.S. simply for facilitating the agreement. This announcement marks a significant moment in the ongoing discussions about the platform's ownership and its national security implications.

The deal is expected to be finalized on Friday, following discussions with Chinese President Xi Jinping. As tensions between the two countries persist, this agreement could serve as a turning point in bilateral relations and the tech industry's landscape.

(With inputs from agencies.)