Trump orders the creation of a sovereign wealth fund - more auto theft
Trump orders the creation of a sovereign wealth fund. President Donald Trump signed an executive order directing the Treasury and Commerce Departments to create the nation’s first-ever sovereign wealth fund—something he hinted could be used to buy TikTok. These government investment vehicles are more typical in countries with budget surpluses (unlike the US which tends to have a deficit), and the order didn’t specify where the fund would get money from, although Trump has previously said it could be “tariffs and other intelligent things.”
Comments
Post a Comment