Washington — President Trump on Thursday signed an executive order that paves the way for a deal brokered by his administration to keep TikTok operating in the U.S. under a new corporate structure with American investors.

"With this executive order, you will be effectively bringing into effect the agreement that will save TikTok and ensure that it can operate safely and securely," White House staff secretary Will Scharf said ahead of a signing ceremony in the Oval Office.

The move declares that the deal represents a "qualified divestiture" that satisfies a law passed by Congress requiring TikTok's China-based parent company to divest or face a ban and pushes back enforcement of the bipartisan law by 120 days to allow for an agreement on how the app operates in the U.S. to be final

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