President Donald Trump has signed an executive order declaring that his plan to sell TikTok's US operations to US and global investors will meet the requirements in a 2024 law that says the short video app will be banned unless its Chinese owners sell it.

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The new US company will be valued at around $US14 billion ($A21 billion), Vice President JD Vance said.

Trump has delayed enforcement of the law until December 16 amid efforts to extract TikTok's US assets from the global platform, line up American and other investors

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