The Treasury and Commerce departments have been given the directive by President Donald Trump to establish a sovereign wealth fund that could be used to invest in the social media platform Twitter.
Trump stated to writers in the Oval Office on Monday,” We have a lot of things that create wealth.” ” We’re going to do something, perhaps with TikTok. We may deposit that into the sovereign wealth fund.
One of Trump’s first activities upon returning to the White House was giving TikTok’s parent company, ByteDance, a 75-day relief from a divestment law that was screen the game in the United States.
Trump criticized Canada during the signing ceremony, which comes as negotiations between him and Canadian Prime Minister Justin Trudeau continue despite threats of 25 % tariffs from both sides.
Though Trump conceded he and Trudeau had a” good talk” on Monday morning ahead of another call in the afternoon, the president said the U. S. has not been” treated well” by Canada, contending its cars, lumber, and agriculture were unimportant to the domestic economy.
Trump even did not diminish the possibility of 10 % tariffs on China before a separate meet with Panama on Friday or rumors that he would offer assistance to Ukraine in change for rare planet nutrients.
” We’ll had some fine meetings with China. We have discussions planned, and we’ll see what happens. That was merely a speech opener. If we didn’t make a package with China, then the taxes will be very, very substantial”, he said.
After the committee told the majority of USAID employees to work from home on Monday as reforms are implemented across the organization, Trump was also inquired about Tesla, SpaceX, and X CEO Elon Musk‘s behavior in that capacity. Despite the parliamentary retaliation, USAID could be moved under the control of the State Department, with Marco Rubio, the acting secretary of state, declaring to reporters that he is its operating head.
Trump told reporters that he would not allow Musk to join in projects if there were issues, but that he had not identified any conflicts of interest with him.
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When asked whether Musk has done something without his endorsement, Trump said,” He reports in”.
He simply has access to letting citizens move who he believes are bad if we agree with him and merely if we do, according to the leader. ” Where we think there’s a conflict or there’s a problem, we didn’t let him go near it”.
