U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., January 31, 2025. REUTERS/Carlos Barria
WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.
If created, the sovereign wealth fund could place the U.S. alongside numerous other countries, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government dollars.
