President Donald Trump has signed an executive order approving a deal that could keep TikTok alive in the U.S, easing national security concerns and paving the way for American ownership of the popular app. TikTok’s Chinese parent company will retain only a minority stake, while U.S. investors are set to hold about 80 per cent under a new joint venture.

The platform, with 170 million U.S. users, including 15 million Trump followers, has been under pressure since a 2024 law required its parent company to sell or face a ban. Trump has credited the app with helping boost his re-election campaign.

Governance of the new venture will lean heavily American, with its Chinese parent company excluded from key security decisions.