President Trump Has Agreed to the Tiktok Deal Between the United States and China on Thursday. This should put part of the app in American hands. Without a deal, the app would be banned in the us.
The Decree That the President Signed on Thursday States That His Plan to Sell Tiktok’s American Activities to American and International Investors meets The Requirements of A 2024 Law. That law stipulates that the app will be banned unless the Chinese owners sell it.
Trump had postponed the Enforcement of the Law Several Times, While Attempts Were Made To Decouple Tiktok’s American Assets from the Global Platform. IT was also important to find American Investors and Obtain Approval from the Chinese Government.
Earlier This Month, the White House Reported That An Agreement Had Been Reached On The Sale of Tiktok’s Activities in the Us by The Chinese Parent Company Bytedance. That part would Largely Be Owned by American Investors, Including Software Company Oracle and Silver Lake.
In The Deal, The American Branch of Tiktok, Valued at around 14 Billion Dollars, Vice President JD Vance Announced on Thursday. “There was some resistance from the Chinese side, but the most important thing we wanted to achieve is that tick could continuous to function, but we also wanted to ensure that we protect the privacy of American data as required by law,” heyther explained.
Tiktok HAS Approximately 170 Million American Users. It is known that Trump Values Tiktok Very much because his re-election last year was partly due to the many videos on the platform. Trump HAS 15 Million Followers on His Personal Account. The white house also launched an official tick account last month.