President Donald Trump speaks to reporters after signing an executive order on video platform TikTok as Treasury Secretary Scott Bessent (L) and Vice President JD Vance look on in the Oval Office on Sept. 25, 2025. Saul Loeb/AFP via Getty Images
President Donald Trump approved the TikTok U.S. deal on Sept. 25, signing an executive order that will give China-based ByteDance 120 days to finalize terms with American investors.
The United States in 2024 enacted a law that required ByteDance, a foreign adversary-controlled company, to divest itself of the popular social media app. Pursuant to the law, ByteDance will be limited to holding a stake of less than 20 percent in the new joint venture.
