Trump signs executive order to facilitate TikTok deal
President Donald Trump has signed an executive order to facilitate a potential deal for the sale of TikTok's US operations. The order effectively bars the enforcement of a previous law that would have prohibited US companies and individuals from doing business with TikTok's parent company, ByteDance, after September 20th. This 120-day window will allow for the execution of a divestiture plan presented to the President, which could potentially lead to the sale of TikTok's US assets to an American company. The order is seen as a move to address national security concerns raised over TikTok's Chinese ownership, as the Trump administration has previously threatened to ban the popular video-sharing app in the US. The potential sale of TikTok's US operations has attracted interest from several tech giants, including Microsoft and Oracle, as the app's future in the country remains uncertain.
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