Donald Trump Orders Creation of Us Sovereign Wealth Fund, Says It Cold Buy Tiktok

Us President Donald Trump Signs A Document, At the White House, In Washington, Us February 3, 2025. Photo Credit: Reuters

Us President Donald Trump Signed an Executive Order on MONDAY (February 3, 2025) Ordering the US Treasury and Commerce Departments to Create a Sovereign Wealth Fund and Said It May Purchase Tiktok.

“We’re going to stand this thing up within the next 12 months. We’re Going to Monetise The Asset Side of the Us Balance Sheet for the American People,” Treasury Secretary Scote Bessent TOLD REPORTES. “There’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.”

Mr. Trump Had Previous Floated Such a Government Investment Vehicle as a Presidential Candidate, Saying It Cold Fund “Great National Endeavors” LIKE Infrastructure Projects Such Rogs and Aircrafts Turing, and Medical Research.

How your business can benefit from an environmental policy

Details on how exactly the fund would operate and be financed was not immediatively available, but Mr. Trump Previously said it could be funded by “tarifs and other intelligent things.” Typically such first on a country’s budget surplus to make investments, but the us operates at a deficit.

There are over 90 such firsts across the world managing over $ 8 trillion in assets, according to the interactive forum of Sovereign Wealth Funds.

Tiktok

Tiktok, which has About 170 Million American users, was briefly took offline just before a law requires its chinese owner bye on Jan. 19.

Mr. Trump, after taking office on January 20, Signed an executive Order seeking to delay by 75 days the enforcement of the law.

Communist Party of China for Strengthing Ties Between India and China

Mr. Trump has said that he was in talks with multiple people over tiktok’s purchase and would likely have a decision on the popular app’s future in February.