Trump signs executive order to facilitate TikTok deal

president Donald Trump has signed an executive that mainly agrees to sell American Tiktok operations to the American Investors Group in order to maintain the application of social media in the country. Vice President JD Vance said the deal will make Tiktok to us with “about $ 14 billion.”

Tiktok was asked to strip her American business or ban in the United States through the National Security law, which was originally signed by former President Joe Biden. Trump’s executive order mainly prohibits the public prosecutor or the Ministry of Justice from enforcing this law for 120 days, while the president’s disposal plan is implemented.

The owner of Tiktok Bytedance did not recognize dealing with the deal or executive order, but, on September 19, he issued a statement that “he will work in accordance with the laws in force to ensure that Tiktok remains available to American users through Tiktok US”

Trump said Chinese President Xi Jinping spoke to him and gave him approval.

“I spoke with the eleventh president,” Trump said at a press conference with reporters. I told him what we were doing, and he said: “Go ahead with that.”

The matter states that the American Tiktok ‘operations will establish a new board of directors, and that the application algorithm for the application, the source symbol, and the moderate content system in the United States will be transferred to the control of its new owners. Under the terms of the deal, Oracle will supervise the safety safety operations and provide computing services for Tiktok Us.

“It is owned by Americans, and very advanced Americans,” Trump said during a briefing. “This will be an American working all the way.”

Trump said that Oracle will be among the American investors in Tijook, but he did not reveal the full list of the new owners. CNBC reported that Oracle, Silver Lake and MGX, based in Abu Dhabi, will get 45 % of the American company Tiktok.

“This deal really means that the Americans can use Tiktok, but they actually use it with greater confidence than they were in the past because their data are safe and will not be used as a propaganda weapon as it was in the past.”

During the briefing, Trump stated that “every group, every philosophy, will be dealt with fairly” after asking whether the algorithm will appear content associated with Maga after the deal.

Last week, Trump has signed an executive order for the date of the bytedance to strip the American Tiktok operations or be banned. This represents the fourth time that Trump has extended the deadline.

Trump began the batch to ban Tiktok in 2020, and the idea later received support for the two parties during the Biden administration.