The president of USADonald Trump signed a decree for the creation of a new sovereign fund, on February 3, 2025 in Washington. As he said, it could be used to save Tiktok.
“Other countries have sovereign investment funds, and they are much smaller countries, and they are not the United States”Trump told reporters after signing the executive order.
It would be a state -owned investment fund that manages the surplus reserves of a countrygenerally derived from income from natural resources or commercial surpluses, to generate long -term returns.
The background to the bottom of Donald Trump
The bottom of Norwaylargely built with the income of fossil fuels in the country, it is the largest in the world. Abu Dhabi, China and Saudi Arabia They have their own.
Last year, the background of Norway registered a 13%yield, which raised its total value to 1.75 billion dollars.
The US Fund and the example of Tiktok
“The extraordinary size and scale of the United States government and the businesses that do with companies should create value for US citizens,” said Secretary of Commerce, Howard Lutnick.
The Treasury head, Scott Besent, told journalists that the fund It will be created in the next 12 months.
Trump cited the purchase of the popular application to share Tiktok videos as a possible example of a transaction which could be facilitated by an American fund, although it did not give details of what I had in mind.
“We could put it in the sovereign investment fund, whatever we do, or if we make an alliance with very rich people”he declared.
Tiktok faces a law that orders the company to get rid of its Chinese owner Bytedance to avoid its prohibition in the United States. Trump gave him until the beginning of April to adjust to the law.
Tiktok’s ban was approved due to concerns that the Chinese government can use the application to spy on Americans or influence American public opinion through data collection and content manipulation.
With Tiktok, “If we make the right deal, we will do it. Otherwise, we will not”Trump said.
The Republican claims to be in conversations with several investors about the purchase of Tiktok, including Elon Musk, Larry Ellison and the Microsoft technological giant.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
