Trump Signs Executive Action to Create Sovereign Wealth Fund

I think it’s going to create value and be of great strategic importance,

Bessent told reporters Monday

To fulfill those responsibilities, I intend to consult with my advisors, including the heads of relevant departments and agencies on the national security concerns posed by TikTok, and to pursue a resolution that protects national security while saving a platform used by 170 million Americans,

Trump said in the executive order

But we could put that as an example in the fund,

Trump said

I think it’s about time that this country had a sovereign wealth fund,

said Trump, who wants the U.S. to own a portion of the social media platform

Donald Trumppresident

I’m gonna have to talk to him about that,

Donald Trump said on Monday after a reporter asked

I’ve been right over the Wall Street Journal many times, I will tell you that,

Trump declared

That would satisfy the divestment concerns” that motivated Congress to pass the law

Rozenshtein told CNN in an interview last week

I don’t know about y’all but I don’t think too many people want to be on a platform that is being owned by the government, that is obviously being monitored by the government. I don’t think nobody wants that,

one user said in a video last week

We might put that in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot of options,

he said of TikTok

Creating a sovereign wealth fund suggests that a country has savings that will go up and can be allocated to this,

said Colin Graham, head of multiasset strategies at Robeco in London

We’re going to create a lot of wealth for the fund,

Trump told reporters

We’re going to be doing something perhaps with TikTok and perhaps not,

Trump said

Other countries have sovereign wealth funds. They’re much smaller countries. They’re not the United States,

Trump said in the Oval Office

We're going to stand this thing up within the next 12 months. We're going to monetize the asset side of the U.S. balance sheet for the American people,

U.S. Treasury Secretary Scott Bessent said during a media parley

He’s got access only to letting people go that he thinks are no good if we agree with him and only if we agree with him,

the president added

We'll have some good meetings with China. We have meetings planned, and we'll see what happens. But that was just an opening salvo. If we can't make a deal with China, then the tariffs will be very, very substantial,

he said

The extraordinary size and scale of the U.S. government and the business it does with companies ... should create value for American citizens,

Bessent said

It will be a combination of liquid assets, assets that we have in this country as we work ... to bring them out for the American people,

he said