State fund
Trump wants 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. The US President also plans to raise such a construct from baptism. Can he?
US President Donald Trump is aiming for the formation of a US state fund, who, according to his will, will soon be the greatest investors in the world. 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.”
However, whether and how such investments would actually be possible remains open. Although a US president can initiate such a project with a decree-but he cannot get through the establishment of a large state fund and the implementation of enormous investments. This requires extensive legislative processes, including the consent of the congress and the provision of corresponding financial resources.
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
