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Trump Resurrects TikTok: $14B U.S. Deal in Works

10/7/2025

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Summary

Story summary

President Trump signed an executive order approving a U.S.-led joint venture to manage TikTok.
He returned to TikTok after a year, saying he saved the platform.
A bipartisan mandate requires ByteDance to divest U.S. assets to avoid a ban.
The administration is negotiating a deal around $14 billion for TikTok's U.S. operations.

History

Historical Context

In 2020, President Trump signed an executive order requiring ByteDance to divest its U.S. TikTok assets, valued at around $14 billion, due to national security concerns. This action mirrored Cold War-era tensions over foreign technology, reflecting bipartisan fears about data privacy and foreign influence. The implications of this order continue to shape U.S. policies on digital platforms and foreign investments.

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Story summary

President Trump signed an executive order approving a U.S.-led joint venture to manage TikTok.
He returned to TikTok after a year, saying he saved the platform.
A bipartisan mandate requires ByteDance to divest U.S. assets to avoid a ban.
The administration is negotiating a deal around $14 billion for TikTok's U.S. operations.

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