<h1>US and China Reach Framework to Transfer Popular Short-Video App to US Ownership Pending Final Deal in Upcoming Leaders' Call</h1> A framework agreement was reached between the United States and China to transfer ownership of a popular short-video platform to U.S. hands, following trade talks; leaders of both countries may finalize terms in an upcoming call. U.S. authorities previously threatened a ban on the app on national-security grounds unless its Chinese parent sold its controlling stake, and Congress and the executive have used statutory authority to impose deadlines and temporary reprieves. Officials say commercial terms are private between the buyers and sellers. The deal is part of broader trade negotiations and could be affected by remaining political and negotiation hurdles.