On Thursday, President Donald Trump said he has found a solution to keep TikTok alive in the United States through a group of investors who will buy the short-video app from its Chinese owners in accordance with U.S. law.

He signed an executive order laying out a proposed deal for a U.S. version of TikTok that would put control of the app in the hands of the president’s allies.

The deal would see Chinese ownership of TikTok reduced to 20 percent in the United States, and Beijing on Friday reiterated a call for “open, fair” treatment on the issue.

The phenomenally popular short-form video platform says it has over 170 million U.S. users — nearly half the population of the world’s top economy.

But national security concerns have led Washington to try and wrest TikTok’s U.S. operations fr

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