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President Donald Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.S., a senior White House official told Fox News Digital.

The White House official said that under the new deal, U.S. operations will be run by a new joint-venture company, with its current parent company, ByteDance , holding less than 20% of the stock, as required by law.

"The administration looks forward to finalizing this deal with all stakeholders," the official told Fox News Digital. "President Trump is expected to sign an Executive Order later this week to approve the proposed deal."

The new U.S.-based joint-vent

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