Trump plans to establish a US sovereign wealth fund, but the White House has doubts about the plan
2025-05-08 01:23:48
According to CBS coverage, US Treasury Secretary Vincent and Commerce Secretary Rutnick have submitted plans for a US sovereign wealth fund to Trump, but the White House has expressed concerns about some of the proposals. The fund would follow the Saudi and Norwegian models and generate public returns by investing in natural resource assets. Trump has previously hinted that the fund may hold TikTok shares, but the specific mechanism and use of the proceeds of the fund are still under discussion. A White House spokesperson said the administration is still evaluating the relevant plan and has not yet made a final decision.
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