Trump Praises TikTok Deal, Thanks Xi Jinping for Approval

President Trump celebrated the finalization of a joint venture deal that allows TikTok to continue operating in the U.S. under majority American ownership. In a Truth Social post, Trump stated the app would be owned by 'Great American Patriots and Investors, the Biggest in the World' and thanked Chinese President Xi Jinping 'for working with us and, ultimately, approving the Deal.' The deal, involving Oracle, Silver Lake, and Emirati firm MGX, was structured to meet Trump's executive order requirements and avoid a U.S. ban. Trump's public gratitude to Xi for approving a U.S. business deal raised questions about presidential deference to foreign leaders on domestic policy matters and potential conflicts of interest given Trump's business relationships with deal participants.

"I want to thank President Xi of China for working with us and, ultimately, approving the Deal. This is a great thing for both Countries!" — Trump's Truth Social post celebrating the TikTok deal, publicly crediting Xi Jinping for approving a U.S. domestic business transaction