President Donald Trump on Thursday signed off on an agreement on a TikTok sale he said would bring the app into compliance with U.S. law.
The agreement gets the app one step closer to complying with a 2024 law that forced ByteDance, TikTok’s China-based corporate owner, to sell the platform or have the app banned in the U.S.
“I had a very good talk with President Xi,” Trump said after signing the executive order. “We talked about TikTok, and he gave me the go-ahead. You know, it’s run by American investors, American companies — great ones.”