By David Shepardson
WASHINGTON (Reuters) -Questions and potential hurdles surround a framework agreement announced on Monday between the U.S. and China that would switch short-video app TikTok to U.S.-controlled ownership, including whether any deal will comply with a 2024 law.
U.S. and Chinese officials announced the deal in principle in Madrid following trade talks, but did not give details or answer key questions such as whether China will agree to transfer ownership of the algorithm that makes the app so popular with 170 million Americans.
WHAT HAPPENS TO THE ALGORITHM?
During previous negotiations, Chinese authorities expressed strong reluctance to allow the export of TikTok’s recommendation algorithm, widely seen as owner ByteDance’s most valuable asset and a key driver of the ap