Trump Issues Executive Order to Create 'National Investment Fund'

U.S. President Donald Trump signed an executive order on Monday directing the creation of a national investment fund within the next year. According to Reuters, the establishment of this fund likely requires Congressional approval first. He mentioned that this fund could potentially purchase the U.S. app TikTok. Reuters reported that Trump did not provide many details, and it is unclear how this fund will operate. Typically, such funds rely on the country's budget surplus for investment, but the United States is facing a budget deficit. The U.S. President told reporters, 'We are going to create a lot of wealth for this fund, and I think it is time for this country to have a national investment fund.' Trump had previously proposed the creation of such a fund during his presidential campaign, stating that it could finance important national projects such as major infrastructure, including highways and airports, industrial production, and medical research. Government officials did not provide details on how this fund would operate or be funded, but Trump had previously stated that it could be financed through 'tariffs and other smart measures.' Scott Basset, Treasury Secretary under Trump, told reporters that this fund would be launched within the next 12 months. According to The New York Times and Financial Times, the Biden administration had also considered creating such a fund before Trump's victory in the November elections. Immediate result of Trump's tariffs; Mexico's agreement to deploy thousands of soldiers at the border. Trump: As long as Canada and Mexico want to play games, we will continue.