President Donald Trump has officially made headlines after Trump signs executive order to facilitate TikTok deal, approving the sale of TikTok’s U.S. operations to American investors. The decision, valued at around $14 billion, ensures that the viral social app will continue operating in the U.S. without facing an outright ban.
Image Credits:Chip Somodevilla / Getty Images
Vice President JD Vance confirmed the deal’s value and emphasized its importance in securing TikTok’s future in the U.S. The move comes after months of heated debate over national security risks tied to the app’s Chinese ownership.
Why TikTok Needed A Deal To Stay In The U.S.
TikTok was at risk of being banned under a national security law initially signed by former President Joe Biden. The law required ByteDance, TikTok’s parent company, to divest its U.S. business.
Trump’s new executive order temporarily blocks the Department of Justice from enforcing that law for 120 days, giving TikTok time to finalize the divestiture plan. This executive action offers the breathing room TikTok needs to continue serving millions of American users.
ByteDance’s Response To The Executive Order
So far, ByteDance has not directly acknowledged Trump’s order. However, the company issued a statement on September 19 confirming that it would comply with applicable laws to ensure TikTok remains available in the U.S.
This cautious stance suggests ByteDance is working quietly behind the scenes to align with the new deal while keeping TikTok operational and compliant with U.S. regulations.
Trump’s Talks With Xi Jinping
Adding a twist to the story, Trump revealed that he spoke directly with Chinese President Xi Jinping about the TikTok deal. According to Trump, Xi gave his approval for the move, signaling cooperation at the highest level.
“I spoke with President Xi; we had a good talk,” Trump told reporters. “I told him what we were doing, and he said, ‘Go ahead with it.’”
What The TikTok Deal Means For U.S. Users
The executive order outlines key changes in TikTok’s U.S. operations:
-
A new board of directors will be created.
-
The app’s algorithm, source code, and moderation system in the U.S. will be transferred to new owners.
-
Oracle will oversee TikTok’s security and provide computing services.
Trump emphasized that TikTok U.S. will now be “American owned and American operated all the way.” For users, this means the app should continue running without disruption, while offering stronger assurances on data privacy and national security.
The fact that Trump signs executive order to facilitate TikTok deal marks a turning point for both the app and U.S.-China tech relations. With a $14 billion valuation and Oracle handling security, TikTok’s U.S. future looks more stable—at least for now.
For millions of TikTok creators and fans, this deal means one thing: their favorite short-form video app is here to stay.
Post a Comment