By The Blog Source

TikTok might be one of the first companies acquired by the first-ever U.S. Sovereign Wealth Fund, which President Trump signed an executive order to establish on Monday. The fund will be created under the direction of Bessent and Lutnick, with the goal of "monetizing the asset side of the U.S. balance sheet" in the upcoming year.

An executive order was issued by President Trump on Monday to establish the first sovereign wealth fund in the history of the United States. This move represents a bold new approach to the management of national assets. Trump characterized the initiative as "a very exciting event" and emphasized its potential to generate substantial revenue for the nation while speaking from the Oval Office.

Trump highlighted the fund's capacity to produce substantial wealth, placing the United States in line with nations that have long run comparable funds, such as Saudi Arabia and China.

Alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, Trump signed the order in the Oval Office, describing the action as "a very exciting event." TikTok may be added as an asset, perhaps as part of an agreement to prevent further 10% tariffs on Chinese goods, and Trump has hinted that the fund may be funded by tariff income.

The fund will be created under the direction of Bessent and Lutnick, with the goal of "monetizing the asset side of the U.S. balance sheet" in the upcoming year. Trump pointed out that other nations have sovereign wealth funds, but they are significantly smaller than the US. In a short while, we will have one of the largest funds in the world. Although the Saudi fund is substantial, we will eventually catch up.

President Trump has already indicated that tariff earnings may be a significant factor in the fund's first funding; however, the precise source has not been established. This is consistent with his recent declaration of a 10% duty on imports from China, which he justified as a component of his plan to stop the trafficking of fentanyl. In order to avoid the increased tariffs, Trump also suggested that the fund include a stake in TikTok, raising the possibility that Beijing will pull out of the site.

"We are going to monetize the asset side of the U.S. balance sheet for the American people," said Treasury Secretary Scott Bessent, outlining the administration's strategy. It will comprise a combination of domestic investments and liquid assets, and we have researched global best practices.

The enormity of the U.S. government's activities offers a singular chance to generate value for American citizens, said Commerce Secretary Howard Lutnick. In order to improve the health and prosperity of the American people, he suggested that perhaps we should own stock in these businesses if we are spending billions on COVID vaccinations.

President Trump intends for the fund to invest in a variety of sectors, including infrastructure, manufacturing, and medical research. He indicated that the fund could be supported through tariffs and "other intelligent things" during his campaign, emphasizing that it will be a tool to bolster America's economic independence and global competitiveness.

Trump's decision indicates a substantial change in U.S. fiscal strategy, as it positions the nation to compete directly in this sector for the first time, given that sovereign wealth funds in countries such as China, Saudi Arabia, and Singapore have assets exceeding $1 trillion.

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