On Thursday, President Donald Trump signed an executive order affirming that his plan to sell Chinese-owned TikTok’s US operations to American and global investors will meet the national security requirements set out in the 2024 law.
The new US company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.
Trump on Thursday delayed until January 20 enforcement of the law that bans the app unless its Chinese owners sell it amid efforts to extract TikTok’s US assets from the global platform, line up American and other investors, and win approval from the Chinese government.
Slow Progress, Details Need To Be Fleshed Out
The publication of the executive order shows Trump is making progress o