Trump signs the order to establish a sovereign wealth fund that he says he could buy Tiktoc

President Donald Trump On Monday, he signed an executive order stating plans for the state state fund for sovereign wealth that would serve as a tool for economic development and may be used to buy a Tiktor.

Among the goals of the Fund would be the development of infrastructure such as airports and highways, and it could help the US in the US to expand its impact in areas such as Panama and Greenland.

“We will endure this in the next 12 months. We will stiffen the property of the US balance for the US people,” US Minister Scott Bessent said during the media Parley. “There will be a combination of liquid assets, the property we have in this country as we work to pull them out for the American people.”

There were no other details for the Fund that Trump said his campaign could support “great national efforts.” He said the tariffs could help secure the funds. Other states use natural resources tax, financial transactions of carbon use as financing mechanisms.

A trial contract in which the US would become a partner on the social media platform Tiktoc would be one potential use, Trump said. The application was briefly performed outside the security problems, but Trump signed a command that allowed him to return over a 75 -day period during which he would probably have to take away from Chinese interests.

Although the idea of ​​such an American fund has been derived earlier, vehicles usually use less nations with huge natural resources, as well as fiscal surpluses to schedule – unlike the US, which has launched huge budget deficits.

Nations with funds include China, Norway and Singapore. The US Fund could help him compete with these countries and can make a government less dependent on issuing a debt of cash to raise money.

Norway has the largest sovereign fund for wealth, with more than $ 1.7 trillion of property, according to The Institute of State Fund for wealth. China Investment Corp follows with $ 1.3 trillion.

These funds are included in global financial markets through investment in shares, bonds and real estate, together with the roles in the infrastructure and private capital. Critics say that lack of transparency can lead to conflict and corruption if there are no strict management rules.