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President Trump signed an executive order extending the TikTok ban for three months, but a deal to sell TikTok's US assets to an American buyer is expected to be finalized this week. The agreement, reached after negotiations between the US and China, addresses US national security concerns. Treasury Secretary Bessent stated that Trump's threat to shut down TikTok was key to securing the deal. The sale is expected to be completed after a phone call between Trump and Xi Jinping on Friday. Terms of the deal will be revealed soon.

Prepared by Lauren Mitchell and reviewed by editorial team.