Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The president of the United States, Donald Trump, speaks with journalists at the Oval Office of the White House on February 3, 2025 in Washington, DC.
Jim Watson | AFP | Getty images
President Donald Trump On Monday, he signed an executive order that describes the plans for a sovereign wealth fund administered by the government to serve as an economic development tool and may be used to buy Tiktok.
Among the funds of the Fund would be to develop infrastructure, such as airports and roads, and could help the United States extend its influence on areas such as Panama and Greenland.
“We are going to endure this in the next 12 months. We are going to monetize the side of the assets of the American balance for the American people,” said the United States Secretary of the United States, Scott Besent, during a media couple. “There will be a combination of liquid assets, assets that we have in this country while we work to get them to the American people.”
There were no other details for a fund that Trump said during his campaign could support “great national efforts.” He has said that tariffs could help provide funds. Other nations use taxes on natural resources, financial transactions the use of carbon as financing mechanisms.
An agreement discussed in which the United States would become a partner on the Tiktok social networks platform would be a potential use, Trump said. The application was briefly disconnected in the midst of security concerns, but Trump signed an order that allowed him to return for a period of 75 days during which he will probably have to uninform from Chinese interests.
Although the idea of such a background in the US. managing massive budget deficit.
Nations with funds include China, Norwegian and Singapore. An US fund. Uu could help compete with those countries and could make the government less dependent on the issuance of treasure debt to raise money.
Norway has the largest sovereign wealth fund, with more than $ 1.7 billion in assets, according to the Sovereign Wealth Fund Institute. China Investment Corp continues with $ 1.3 billion.
These funds participate in global financial markets through investments in shares, bonds and real estate, together with participation in infrastructure and private capital. Critics say that lack of transparency can lead to conflicts and corruption if there are no strict rules of government.
