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Trump says new US sovereign wealth fund could purchase TikTok
President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok.
President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok. The fund is expected to be created in the next 12 months by the U.S. Treasury and Commerce Departments, though it’s not immediately clear how. Trump signed an executive order last month to delay the TikTok ban deadline by 75 days.
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