White House officials said Monday that U.S. President Donald Trump will sign an executive order later this week announcing a deal to divest Tiktok’s U.S. business from its Chinese owner Biteedance, which would comply with the requirements set by the 2024 law.
Washington has confidence China has Officially recognized The official told reporters on a conference call that the deal and no further negotiations with Beijing on its details, but added that both sides needed additional paperwork.
Trump is trying to ban short video apps with 170 million U.S. users after Congress pass law If its U.S. assets are not sold, it will be ordered to close in January 2025.
Trump has Delay The law was enforced in mid-December, due to efforts to extract Tiktok’s U.S. assets from global platforms, queue up U.S. investors and ensure that new ownership meets all divestitures required by the 2024 law.
Last week’s progress The deal on Tiktok was reached, a rare breakthrough in months-long talks between the world’s two largest economies, which had wide trade wars that disturbed global markets.
