President Donald Trump has issued a new executive order extending the enforcement delay of a law targeting TikTok until December 16, allowing more time for negotiations on a U.S.-based ownership structure for the app, according to the White House.
President Trump on Friday touted his TikTok deal with China’s leader Xi Jinping as yet another example of his business savvy working wonders for the American people.
President Trump will sign off on a deal later this week that will give greater control over TikTok’s U.S. algorithm to a consortium of American investors.
Congress has passed legislation for a TikTok ban, but President Donald Trump has signed orders allowing the social media platform to operate while negotiations continue.
President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors, a senior White House official said.
President Donald Trump on Thursday is expected to sign a deal to facilitate the sale of TikTok from a Chinese-based company to a group of American investors, two senior White House officials told NBC News
President Trump is expected to sign a deal Thursday that will give majority control of TikTok to a group of American investors and keep the app available to US users, a White House official told The Post.
President Donald Trump is expected to sign an executive order Thursday confirming the TikTok deal with investors including Oracle and Silver Lake complies with federal law.
The White House has said a deal is expected to be signed with China “in the coming days,” as multiple Trump-supporting billionaires—Larry Ellison, Marc Andreessen, Lachlan Murdoch—may be involved.
The new order says that the deal to turn over a majority stake in TikTok to a group of U.S. investors meets the terms ordered by Congress, and will allow it to stay online in the U.S.
The U.S. government will collect a multibillion-dollar fee from the American investors who will take over TikTok. Some experts call the fee and other deals like it "extortion."
President Trump has signed an executive order declaring that a proposed deal allowing TikTok to continue operating in the US will be a qualified sale that meets national security concerns laid out by the law.
President Donald Trump is expected to sign an executive order on Thursday that will clear the way for the completion of a deal to sell TikTok’s US assets to a consortium of American investors, a White House official tells CNN.
President Donald Trump signed an executive order Thursday paving the way for a TikTok deal that could transfer majority ownership of the app to Americans.
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Trump signs order allowing proposed TikTok deal to move forward | Since Then
