The Trump administration on Monday said it had arrived at a deal with China that will determine the fate of the popular video-sharing app TikTok. 

U.S. Treasury Secretary Scott Bessent said officials from both countries have agreed on a “framework” that would enable the app, owned by Chinese company ByteDance, to continue operating in the United States.

The Trump administration, Bessent said, has been seeking an arrangement “that is fair for the Chinese and completely respects U.S. national security concerns, and that’s the deal we reached.” He went on to say: “We want to ensure that the Chinese have a fair, invested environment in the United States, but always that US national security comes first.” 

Bessent declined to disclose details of the arrangement. Of primary interest will be how TikTok’s valuable content recommendation algorithm is handled.

The development arrives after a prolonged push-and-pull over the app’s future in the U.S. that began during Trump’s previous term. In 2020, Trump issued an executive order requiring ByteDance to sell the app within 90 days, but that order faced legal pushback and ultimately floundered. Concerns over the app’s ties to the Chinese government continued among lawmakers and last year, former President Joe Biden signed a law requiring ByteDance to divest TikTok’s U.S. operations or face a nationwide ban.

The original deadline for a potential spin-off was set for January 19 of this year, though TikTok has since been granted three extensions under Trump’s direction. Along the way, a handful of powerful organizations and investors have signaled their interest in the platform—including Oracle, Amazon, and the private-equity firm Blackstone.

The deal was reached after two days of talks in Madrid, the administration said. Trump and President Xi Jinping of China are expected to finalize the agreement Friday.