WASHINGTON: President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s US operations to US and global investors will address the national security requirements in a 2024 law. The new US company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag on the popular short video app far below some analyst estimates.

Trump says a deal is done but the details have not been confirmed by China or the app's owner ByteDance.

President Donald Trump on Thursday approved a proposed deal that would keep TikTok alive in the U.S.