The US and China have a plan for American TikTok. It involves a Trump-aligned billionaire whose family is building a new media empire.

This episode was produced by Miles Bryan, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Patrick Boyd and Adriene Lilly, and hosted by Noel King.

Photo by Mike Campbell/NurPhoto via Getty Images.

Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. Transcript at vox.com/today-explained-podcast.

Learn more about your ad choices. Visit podcastchoices.com/adchoices