US EditionTrump Initiates Creation of US Sovereign Wealth Fund
- President Donald Trump signed an executive order to create a U.S. Sovereign wealth fund that could potentially buy TikTok, aiming for it to be one of the largest in the world.
- Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are tasked with establishing the fund, which may take up to 12 months to open.
- Trump mentioned that the fund could invest in various sectors, including vaccine manufacturers, and could generate wealth for American citizens.
- The previous administration under Joe Biden had considered a sovereign wealth fund for national security but did not take any concrete actions before leaving office.
378 Articles
378 Articles
🔒 Trump signs order to create US sovereign wealth fund
Key topics: Executive order launches US sovereign wealth fund. Fund may invest in TikTok, vaccines, and key industries. Officials must submit a plan within 90 days. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The…
Donald Trump Signs Executive Order to Create U.S. Sovereign Wealth Fund
by Nick Gilbertson, Breitbart: President Donald Trump signed an executive order Monday directing his Treasury and Commerce secretaries to begin the process of establishing an American sovereign wealth fund. Trump signed the order in the Oval Office flanked by Treasury Secretary Scott Bessent and Howard Lutnick, Trump’s nominee for Commerce secretary. “We’re gonna have a sovereign […]
ThePatriotLight - Trump creates sovereign wealth fund, says it could be used to buy TikTok
ThePatriotLight - Photo: Alamy President Donald Trump issued an executive order on Monday directing the U.S. Treasury and Commerce Departments to establish a sovereign wealth fund, which he indicated could potentially acquire TikTok. TikTok, with approximately 170 million users in the U.S., experienced a temporary shutdown just before a law took effect on Jan. 19. The legislationTrump creates sovereign wealth fund, says it could be used to buy T…
Around 90 sovereign wealth funds operate worldwide with assets worth more than 8 trillion dollars. The largest are those of Norway, China and Saudi Arabia. And in America, the funds of individual states are already active, from Alaska to New Mexico
The president plans to partner with a domestic, privately owned company to acquire the US federal government's 50 percent stake in TikTok.
Trump creates US sovereign wealth fund, could buy into TikTok
President Donald Trump signed an executive order outlining plans to establish a government-run sovereign wealth fund. The fund would serve as an economic development account and might be used to partner with TikTok. The popular social media app operates under a 75-day period during which its owner, ByteDance, is supposed to break away from its Chinese influence. In addition to TikTok, the fund would be used to pay for infrastructure projects i…
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