TL;DR: Driving the news President Donald Trump signed an executive order on Thursday endorsing a $14 billion deal that would spin off TikTok’s US operations from its Chinese owner ByteDance. The move aims to meet the legal requirement set by a 2024 law forcing ByteDance to divest or face a ban in the US. But the headline-grabbing deal is more than a tech breakup. It’s a strategic olive branch from China - and President Xi Jinping appears to be playing a long game. “I had a very good talk with President Xi,” Trump said from the Oval Office. “We talked about TikTok and he gave us the go-ahead.” As the New York Times and Bloomberg have noted, China’s sudden acquiescence to a divestment it once labeled “robbery” has sparked questions about what’s being traded behind the scene

See Full Page