Donald Trump has signed an executive order on TikTok, which will allow the app to continue to operate in the United States.
The US president held talks with China’s President Xi Jinping last week – where the pair discussed the final terms of a deal.
The app was ordered to shut down for American users by January 2025 if its Chinese owner – Beijing-based tech firm ByteDance – didn’t sell its assets in the country.
The ban was delayed four times by Mr Trump.
The deal, which vice president JD Vance said was valued at around $14bn (£10.5bn), will see TikTok’s US operations run by a new joint-venture company, with ByteDance holding less than 20% of the stock, a senior White House official said prior to the deal being signed.
“There was some resistance on the Chinese side, but the fundamental thing that we wanted to accomplish is that we wanted to keep TikTok operating, but we also wanted to make sure that we protected Americans’ data privacy as required by law,” Mr Vance said.
Mr Trump has repeatedly credited TikTok with helping him win re-election.
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