FX.co ★ White House Unveils TikTok Deal with U.S. Majority Control

The White House has revealed that American companies are set to assume control of TikTok's algorithm, with U.S. nationals occupying six out of seven board seats in the company's U.S. operations as part of an awaited agreement with China. According to Press Secretary Karoline Leavitt, the deal could be finalized "in the coming days," although there has been no official response from Beijing yet. The impetus for this move from Washington has been the concern over national security, prompting the demand for TikTok's U.S. division to sever ties with its Chinese parent company, ByteDance, or face an operational ban. President Trump has postponed this ban on four occasions since January, with the most recent extension pushing the deadline to December. In a phone call on Friday, described as "productive" by Trump, he stated that he welcomes Chinese President Xi Jinping's approval of the deal, although this has not been confirmed by China. The Chinese Commerce Ministry has since responded on Saturday, expressing that it "respects the wishes of the enterprise" and supports negotiations that align with market regulations and Chinese law.