Trump Signs Executive Order To Facilitate TikTok Deal
Trump signs executive order to facilitate TikTok deal, approving $14B U.S. sale to American investors.
Matilda
Trump Signs Executive Order To Facilitate TikTok Deal
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 divestitur…