Brussels Post

United in Diversity
Wednesday, Feb 12, 2025

0:00
0:00

Trump Directs Establishment of U.S. Sovereign Wealth Fund, Considers Acquisition of TikTok

President Trump has signed an executive order to create a sovereign wealth fund that could be utilized for government initiatives and investments, potentially including the acquisition of TikTok.
On Monday, President Donald Trump signed an executive order instructing the U.S. Treasury and Commerce departments to begin the process of establishing a sovereign wealth fund.

Treasury Secretary Scott Bessent anticipates that the fund could be operational within a year, with the aim of financing significant government projects and strategic investments, particularly in critical areas like supply chains.

Trump indicated that the fund may be utilized for large infrastructure initiatives, such as highways and airports, as well as for investments in advanced defense capabilities and medical research.

The president mentioned the potential of using the fund to assist in acquiring TikTok, suggesting it could involve either a direct purchase or a collaboration with affluent individuals.

While he did not provide specific details, he stressed that the arrangement would need to be made correctly.

Previously, Trump has talked about a joint venture where the U.S. would acquire a 50 percent stake in TikTok, although this suggestion has raised concerns about its legality.

Alongside these possible investments, Trump's nominee for Commerce Secretary, Howard Lutnick, proposed that the sovereign wealth fund could also invest in companies with substantial government contracts, including those involved in COVID-19 vaccine production.

This initiative follows similar discussions among Democrats, who have also contemplated the establishment of a sovereign wealth fund.

Sovereign wealth funds are large capital pools owned by governments that have played a key role in funding investments around the world, especially in the Middle East and Europe.

However, uncertainties persist regarding how the timeline for the new U.S. fund coincides with ongoing efforts to address TikTok's status, which is currently under scrutiny due to national security issues.

The White House has yet to release additional information regarding the executive order.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
American Teacher Detained in Russia Freed Amid Optimism for Revived US-Russia Discussions
World Leaders Champion Ethical and Inclusive AI Governance at Paris Summit
Apple Releases Critical Security Update Following Reports of Vulnerabilities
US Senate Moves Forward with Tulsi Gabbard's Nomination for Director of National Intelligence.
OpenAI Confirms Its Independence After Musk's $97 Billion Offer
Sam Altman Reacts to Elon Musk's Offer to Acquire OpenAI
Elon Musk Cautions That U.S. Bankruptcy Could Happen Without Reductions in Federal Spending.
How Spain Transformed from High Unemployment to Eurozone Growth Leader
AI-Powered Telephone Scam Aims at Notable Italian Business Executives
EU Promises Swift Response if New US Tariffs Are Introduced
The European Union Shifts Focus to AI Innovation Amid Global Competition (or at least this is what they claim)
Europe’s far-right leaders pledge to ‘reclaim’ the continent in the wake of Trump’s reelection.
Keir Starmer Under Examination for His Legal Strategy
Merz and Scholz Face Off on Migration and Economic Policies During Pre-Election Debate
Liechtenstein Poised to Have Its First Female Leader Following Election
Trump Picks Musk to Investigate Government Fraud Amidst Controversy
French President Macron Employs Deepfake Technology to Advocate for AI Summit
FBI Alerts Smartphone Users About Toll Scam
Trump Involves Putin in Attempts to Settle the Ukraine Crisis
Trump Signs Executive Order Prioritizing White South African Refugees
Tech Giants Boost Investment in AI Infrastructure Despite Competition
Europe Faces Growing Security Concerns and Trump's New Demands on Ukraine
Trump Revokes Security Clearances of Biden Officials, Including Blinken and Sullivan
Justin Bieber Sparks Concern as New Footage Raises Health Fears
European Right-Wing Leaders Celebrate Trump’s Impact on Global Politics
Germany Confronts Political Turmoil Ahead of Unexpected Election
Belgium's Drug Commissioner Connects Cocaine Trafficking to Increasing Gang Violence in Brussels.
Macron’s AI Vision Encounters Challenges in the Global Tech Competition
Trump Broadened His Lawsuit Against CBS by Including Paramount as a Defendant.
Reports of Pro-Russian Bots Attempting to Influence German Election Surface
'BACK TO PLASTIC!': Trump to End Bans on Plastic Straws
TikTok Sued Over Alleged Child Deaths Caused by 'Blackout Challenge'
Governments Prohibit DeepSeek AI Due to National Security Issues
Russian musician Vadim Stroykin passes away following an apparent fall during a police raid.
Zelensky Suggests Mineral Collaboration with Trump for Security Aid
US Ally Claims Trump Has Distinct Credibility to Resolve Ukraine-Russia Conflict
House Republican Introduces Bill to Limit AI Exports to China
Trump Issues Executive Order Prohibiting Transgender Athletes from Competing in Women's Sports.
EU Confirms Gaza's Importance to Future Palestinian State in Light of Trump Proposal
French President First EU Leader to Congratulate Newly Elected Syrian President
Trump Suggests U.S. 'Takeover' of Gaza, Sparking International Worries
Authorities Confirm at Least Ten Fatalities in Swedish School Shooting
EU Declares Significant Advancements in Establishing Special Tribunal to Prosecute Vladimir Putin
Trump Administration Preparing Executive Order to Abolish the Department of Education
Trump's Gaza Plan Ignites Global Debate
Spain Endorses Strategy to Cut Working Week to 37.5 Hours
Trump Warns of Tariffs on EU Imports, Describes Bloc as a ‘Trade Atrocity’
Zelenskyy Proposes Nuclear Arsenal if NATO Membership Stalls
Zelenskyy Urges for 'Robust Security Assurances' from Russia to Conclude the Conflict in Ukraine
Von der Leyen Indicates 'Exceptional' Action to Enhance EU Defense Expenditures
×