Trump ordered the creation of a sovereign investment fund in the United States, which could buy Tiktok

Having more or less dealing with priority political and economic tasks, US President Donald Trump (Donald Trump) has dealt with issues, the solution of which is postponed for the medium term. In particular, fulfilling one of the pre -election promises, he ordered to create a sovereign investment fund in the United States, the funds of which can further be used to buy Tiktok.

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The US Ministry of Trade and Finance, respectively, the new decree of the President of the country instructs to develop a plan for the creation of a sovereign investment fund, as well as to provide recommendations for its financing and management. Similar funds exist in different countries of the world, there are more than 90 of them, and the total value of the assets they have controlled reaches $ 8 trillion. The problem is that traditionally sovereign investment funds are replenished due to the surplus of the state budget, and in the United States it is scarce. Earlier, Trump noted that it will be possible to replenish the fund due to receipts from customs tariffs and other “innovative methods”. Most likely, the creation of the fund will require permission from the American Congress.

Fund funds are planned to be sent to finance the development of the national infrastructure such as the road network and airports, the expansion of industrial production and medical developments. The fund must be created over the next 12 months. One of the proposals provides for the reprofiling of the US International Financial Development Corporation (IDFC), which now supports the economies of developing countries, in some semblance of a sovereign investment fund. Along the way, it is reported that the US authorities were going to establish such a fund for President Bayden.

Inside the United States, individual states such as Alaska, Texas and New Mexico are managed by their own investment funds. Their funds are financed by the field of education and tax benefits, and funds are often replenished by revenue from the sale of natural resources mined in the regions, or the sale of land plots. Donald Trump added that if a worthy buyer in the United States is not found for American assets of Tiktok, they will be able to purchase this very sovereign fund. In the current month, the fate of the application in the United States should be decided, according to the president.