US President Donald Trump signed a presidential decree to create a new asset fund. Within the scope of this decision on Monday, US Treasury and Trade Ministries will determine the details of the fund within the next 12 months. However, there is no clear road map for how the fund will be financed and managed. Trump previously stated that such a fund could be financed by “customs duties and other intelligent methods”.
This move is seen as part of the Trump administration’s ongoing struggle against Chinese -based social media platform Tiktok. Trump aims to ensure that the US has more control over the platform, arguing that the sovereign asset fund can be used to buy Tiktok. Given the tension between the US and China on technology and data security, this development aroused a great impact.
Last month, Trump signed a decree that postponed Tiktok’s prohibition in the United States for 75 days. The application was re -online after a 12 -hour interruption; However, it still cannot be downloaded from the Apple App Store and Google Play Store. While Tiktok could continue its activities in the USA, Trump’s new asset fund plan further exacerbated these discussions.
Trump said that he had met with a few people and companies interested in Tiktok’s possible sale. Last week, Trump said that Microsoft had negotiated to buy Tiktok, and said that Tesla CEO Elon Musk and Oracle Chairman Larry Ellison were also interested in the platform. However, there is no final agreement so far.
The US President said that Tiktok would probably make his final decision on his future in February. This statement is of great importance for Tiktok users and investors. The platform has millions of users around the world and is very popular among young people in the USA. However, the Trump administration argues that Tiktok posed a national security threat due to possible data sharing with the Chinese government.
The US attempt to establish asset funds is considered an important development in the global economy. Countries such as Norway, China, Saudi Arabia and United Arab Emirates have been making major investments with state -supported funds for years. The Trump administration aims to increase the US financial power by following a similar strategy.
Donald Trump will support the asset fund with customs duties
This fund is expected to be used for infrastructure projects, technology investments and strategic companies. However, considering the high budget deficit and economic balance of the USA, uncertainty continues to finance the fund. Although Trump says that the fund can be supported by customs duties and other commercial revenues, experts are suspected of the long -term sustainability of this method.
If the US government takes a concrete step in the acquisition of Tiktok, this will be an important turning point in the world of technology. In particular, the fact that a state fund directly acquires a social media platform will bring new debates about the role of governments in technology companies.
In the coming period, critical developments are expected to take place in the US’s sovereign asset fund project and the future of Tiktok. Washington’s steps will closely affect the global technology markets and US-China relations.