U.S. President Donald Trump is anticipated to approve a TikTok agreement via executive order later this week, stating that it meets legal requirements, the Wall Street Journal reported Monday, citing a senior White House official.
The approval would conclude months of U.S.-China negotiations, which were closely tied to broader trade discussions, and provide a clear timeline for finalizing a deal to allow the popular short-video platform to continue operating in the United States.
Under the proposed arrangement, TikTok’s newly formed U.S. entity would license its algorithm from its Chinese parent, ByteDance, a senior White House official explained.
The agreement would also require that the TikTok algorithm be “secured, retrained and operated in the United States outside of ByteDance’s control,” Reuters reported Saturday, quoting a White House official.
Trump noted on Sunday that media executive Lachlan Murdoch and business leaders Larry Ellison and Michael Dell would participate as U.S. investors in the proposed arrangement designed to keep TikTok active in the country.
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