'The president will be signing the deal, the official deal, later this week at some point. 'In partnership with the US government, Oracle will serve as TikTok's trusted security provider and they will independently monitor the safety and data security of all US user data on TikTok's platform. 'And the algorithm will be secured, retrained, and operated in the United States outside of ByteDance's control. Earlier on Friday, Trump stated that Chinese President Xi Jinping had approved the TikTok deal for the video-sharing platform to continue operating in the US. The US is eager to strike a deal with China that allows US investors to have more control of TikTok.