Trump Signs TikTok Deal
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Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
China says it hopes the United States will provide "open and fair" treatment for TikTok and other Chinese companies investing in the country, after President Donald Trump signed an executive order on a proposed deal for a US version of the app that would see Chinese ownership reduced to 20 percent.
President Trump said he would meet with President Xi Jinping next month in South Korea. Mr. Xi said he welcomes a TikTok deal that would benefit both sides.
President Donald Trump signed an executive order Thursday to keep TikTok active for 170 million U.S. users with U.S. investors owning 80% of the company.
TikTok will be able to continue operating in the United States with the help of an executive order signed by President Trump on Thursday. The order will enable an American-led of group of investors to purchase a version of the platform from China’s ByteDance.
An Emirati state-backed investment firm that boosted President Trump’s crypto venture stands to win a stake in a U.S. TikTok spin-off as part of a deal negotiated by Trump’s White House.