News list for "American sovereignty"

Michael Grimes, a technology investment banker who left Morgan Stanley last month for a senior role at the Commerce Department, is expected to lead the US sovereign wealth fund announced by Mr. Trump, according to two people familiar with the matter. The fund is backed by tariffs imposed on foreign countries and discussions are at an early stage, with plans subject to change. Mr. Trump has previously said the proposed new fund could be funded by "tariffs and other measures..."

2025-03-05 18:27:01