Trump signs order creating first-ever US sovereign wealth fund
Posted: Feb 03, 2025
- President Trump signed an executive order to create a US sovereign wealth fund
- TikTok may become one of its first acquisitions
- The fund will be capitalized through tariffs and partnerships
- The fund aims to invest in highways, airports, manufacturing hubs, and medical research
- Chinese divestment from TikTok is a potential path to avoid a 10% tariff
- Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are leading the effort
- The fund is expected to be one of the largest in the world with a focus on creating wealth and value for American citizens.
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