Updated On: 26 September, 2025 09:22 AM IST | ronak mastakar
US President Donald Trump signed an executive order on Friday approving a deal involving the popular video-sharing app TikTok, signalling a shift towards American ownership and control. (Pics/AFP)

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Trump highlighted his recent discussions with Chinese President Xi Jinping on September 20, during which the TikTok deal was a key topic
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"This is interesting because I had a very good talk with President Xi, a lot of respect for him. Hopefully, he has a lot of respect for me, too. We talked about TikTok, and he gave us the go-ahead," he said

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Trump further assured that the app, now to be run by American investors and companies, would address key concerns related to security and safety. "You know, it`s run by American investors and American companies, great ones, great investors, the biggest. The young people really wanted this to happen," he added
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He pointed out that the involvement of major figures like the Chief Technology Officer of Oracle, Larry Ellison, and Oracle would play a central role in ensuring the platform`s security. "We have American investors taking it over, running it, highly sophisticated, including Larry Ellison and Oracle, I guess, is going to play a very big role in terms of security, safety, and everything else," Trump explained

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Oracle Corporation is an American multinational technology company headquartered in Austin, Texas
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Last week, Trump announced that Chinese President Xi Jinping had approved the TikTok deal for the video-sharing platform to continue operating in the US

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Speaking with the reporters at the Oval Office, President Trump said, "I had a good call with President Xi. He approved the TikTok deal. We look forward to getting the deal closed. We have to get it signed; it could be a formality. The TikTok deal is on its way, and the investors are getting ready"
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Trump mentioned that the US will have "tight control" over the app, emphasising that this is a "very good deal" for Washington

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Trump and Xi Jinping had a telephonic conversation on September 20, during which they discussed various issues, including the Chinese app TikTok, which faces a threat of being banned after the former US President Joe Biden`s administration passed legislation to force the platform to divest itself of its ownership by the Chinese internet company ByteDance
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