President Trump signed an executive order Thursday that approves a deal to keep TikTok available in the U.S. after months of uncertainty about the future of the popular Chinese-owned social media platform.
TikTok is poised to be spun off into a separate U.S. entity to comply with a 2024 law requiring the app’s China-based parent company ByteDance to divest or face a U.S. ban.
The deal comes nine months after the law was originally set to go into effect. Trump, however, has repeatedly delayed enforcement of the measure in hopes of striking an agreement to keep the app available in the U.S.
Administration officials revealed last week that the U.S. had a “framework” for a deal following trade talks with China. Trump said Friday that Chinese President Xi Jinping had approved the deal, but i