Trump says new sovereign wealth finds could be partly owner of Tiktok

Donald Trump signed an executive order today to begin the process of creating a superb wealth fund, a step he said can be used to help create a purchase of Tiktok.

With Rupert Murdoch and Larry Ellison in the oval office, Trump said that “We will do something maybe with Tiktok, maybe not. If we enter into the right deal, we will. Otherwise we will not. “

He said, “I think it’s time for this country to have a superb wealth fund.” He said his Finance Ministry, Scott Bessent, and Howard Lutnick, his nominees to lead the trade department, would lead the fund.

Last year, Congress adopted overwhelming legislation to try to force China-based urban dancing to sell Tikkok’s US operations or face a ban on app stores and other platforms. The Supreme Court maintained the law and supported the US government’s argument that there were serious national security concerns with the potential of the Chinese government to access user data.

But on his first day in the office, Trump signed a executive order that delayed the implementation of the law for 45 days. He has said he would explore a joint venture that would involve American ownership.

As Trump sat behind The Resolute Desk was on several questions from journalists. He also noticed the presence of Murdoch and Ellison and said their presence was not associated with EO signings. He said that Murdoch was “in a class of himself. He is an amazing guy. “He also said Ellison is” one of the most serious players all over the world. “

“This has nothing to do with you people, but they are here and I thought it would be appropriate,” Trump said.