President Donald Trump has signed an executive order clearing a deal that saves TikTok from a U.S. ban.
The order ends months of tension over the Chinese-owned app, forcing its parent company ByteDance to surrender majority control.
TikTok will now become a U.S.-based firm, with American investors led by Oracle and Silver Lake holding most shares. ByteDance will retain less than 20%. Vice President J.D. Vance estimated the new company’s value at $14 billion.
Trump said he spoke directly with Chinese President Xi Jinping about the deal. “I had a very good talk with President Xi. A lot of respect for him. Hopefully, he has a lot of respect for me, too. And we talked about TikTok and he gave us the go-ahead.”
Data Privacy Concerns Remain
Oracle will oversee U.S. user data and inspect the algorithm. Lawmakers still doubt whether TikTok can fully cut ties with ByteDance, which was the aim of the 2024 divest-or-ban law.
The law passed Congress with bipartisan support amid fears Beijing could exploit American user data.
President Trump signs executive order on TikTok. pic.twitter.com/XHWT3ldXoD
— CSPAN (@cspan) September 25, 2025
Vance said, “The fundamental thing we wanted was to keep TikTok operating while protecting Americans’ data privacy. That’s both the right thing to do and a legal requirement.”
Trump, who once pushed for a ban, now downplays national security fears. He admits that TikTok was key in boosting his popularity among young voters during his reelection campaign.
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