President Donald Trump signed an executive order on Thursday enabling TikTok to continue operating in the United States under a joint operation of American investors that dilutes the share of power the Chinese company ByteDance has over the social media platform.

“I had a very good talk with President Xi [Jinping]. A lot of respect for him. Hopefully, he has a lot of respect for me, too. And we talked about TikTok and other things, but we talked about TikTok, and he gave us the go-ahead,” said Trump, flanked by Vice President JD Vance, who helped lead the TikTok negotiations, Treasury Secretary Scott Bessent, and Attorney General Pam Bondi.

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