State fund
USA want to build state funds like Saudi Arabia
State funds such as in Norway, Kuwait or Saudi Arabia are among the largest investors in the world. Now the United States also wants to raise such a construct.
US President Donald Trump has commissioned the formation of a US state fund, who will soon be the largest investors in the world. Among other things, according to Trump’s ideas, the popular TIIKKOK platform could be kept at least temporarily in whole or in part by such a fund.
However, a final decision was not made. “We can do it, but don’t have to,” he said in the Oval Office when signing a corresponding decre. “If we find the right deal, we do it, otherwise not.”
Fund should reach the size of the Saudi state fund
Finance Minister Scott Bessent and the designated Minister of Economics Howard Lutnick are to be built up in the next twelve months by Finance Minister Scott Bessent. Details that are aimed at at first did not give Trump and his ministers.
He had set himself the goal of reaching the size of the Saudi state fund. With assets and investments worth well over 900 billion euros, this is one of the largest in the world.
Trump’s predecessor Joe Biden had wanted to ban the Tikok platform held by a Chinese company. However, Trump had granted her a moratorium, among other things because the platform is popular with part of its followers.
dpa
Source: Stern
