Trump Signs Executive Order Creating U.S. Sovereign Wealth Fund—Suggests TikTok Might Be Put In It
It’s not clear where the money to create the sovereign wealth fund is coming from, but Treasury Secretary Scott Bessent said the hope is to get it up within the next 12 months.
Trump signs order to create US sovereign wealth fund, eyeing TikTok purchase
President Trump on Monday directed secretaries to begin a process to create an American sovereign wealth fund, suggesting it could partially own the popular app TikTok. The president signed an
Trump orders creation of US sovereign wealth fund, says it could own part of TikTok
President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.
Donald Trump Orders Start of a Sovereign Wealth Fund: What to Know
President Donald Trump on Monday signed an executive order directing the U.S. Treasury and Commerce departments to establish a sovereign wealth fund.
Trump orders creation of sovereign wealth fund, hints it could buy TikTok
The new wealth fund could be used to finance major government projects and fund strategic investments in critical areas like supply chains.
Trump Says There Is 'Great Interest' in TikTok
"GREAT INTEREST IN TIKTOK! Would be wonderful for China, and all concerned," Trump wrote in a post on Truth Social. The app's fate has been up in the air since a law requiring its Chinese owner ByteDance to either sell it on national security grounds or face a ban took effect on Jan.
Trump again suggested buying TikTok — and that’s not the only reason a new executive order raised questions
Trump’s executive order on creating a sovereign wealth fund raised more questions than it answered, experts say.
Trump says U.S. government could buy TikTok
President Donald Trump temporarily delayed enforcement of the U.S. TikTok ban last month, stating that he intended to "negotiate a resolution" preventing the popular video sharing app from exiting the country.
U.S. News & World Report on MSN21d
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"Because I got to use it," Trump told reporters Monday during a wide-ranging Oval Office media session when asked why ... As he signed the order Monday night in the White House, Trump downplayed ...
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White House in talks to have Oracle and U.S. investors take over TikTok
Under a deal being negotiated by the White House, TikTok's China-based owner ByteDance would retain a minority stake in ...
Opinion
Trump's transactional second term will be built around delivering for big business
In his farewell address from the Oval Office on Wednesday night, President Joe Biden cautioned: “Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally ...