"Trump to Sign TikTok U.S. Operations Sale Agreement on the 25th"

Executive Order Expected to Include Extension of Enforcement Grace Period

Reuters reported that U.S. President Donald Trump is expected to sign an executive order on the 25th (local time) regarding the agreement to sell the U.S. operations of the Chinese video platform TikTok.

According to Reuters, citing sources, the executive order will include a declaration by the White House that the deal to sell TikTok's U.S. operations, which is currently under negotiation, meets the requirements set by law.

The U.S. Congress enacted the "TikTok Ban Act" last year, which prohibits TikTok services in the United States unless the U.S. operations owned by Chinese parent company ByteDance are sold to an American company. Since then, the Trump administration has postponed the enforcement of this law, taking into account the platform's popularity among young supporters, and has been negotiating with China and TikTok's major shareholders regarding the sale of its U.S. branch.

Reuters also anticipated that the executive order would include an extension of the law's enforcement grace period, which was originally set to expire in mid-December this year.

Previously, on the 22nd, the White House announced that a new joint venture, in which American investors and board members would hold a majority, is expected to take over TikTok's U.S. operations.

Accordingly, when the new joint venture is launched, American investors will hold a majority stake under cooperation with the U.S. government, and the company will be controlled by a board of directors qualified in national security and cybersecurity. The security operations of the new joint venture will be handled by the American software company Oracle.