U.S. President Donald Trump will sign an executive order Thursday confirming that a deal to divest TikTok's U.S. operations from its Chinese owner ByteDance will meet the requirements set out in a 2024 law, a White House source told Reuters Wednesday .
The long-awaited agreement would allow TikTok to continue operating in the U.S., after months of uncertainty and government threats of permanently banning the social media app that has 170 million U.S. users.
Trump said last week he had reached an agreement with China, but offered few details.
Here's what we know so far.
Why is a deal being negotiated?
U.S. Congress passed a law in 2024 during the Biden administration that required TikTok's American assets to be transferred to U.S. owners, citing fears that its U.S. user data could be