Washington DC Web Desk: In a major economic move, former U.S. President Donald Trump has signed an executive order to establish a sovereign wealth fund, directing the U.S. Treasury Department to take necessary steps for its creation.
Trump’s Economic and Trade Strategy
Speaking to the media at the Oval Office, Trump hinted at potential trade discussions with China within the next 24 hours, following negotiations with Canada and Mexico.
He emphasized that China could not maintain its long-term presence in the Panama Canal, stating that the U.S. would take action to address this issue. “If we don’t strike a deal, tariffs on China will increase,” Trump warned.
U.S. Foreign Policy and Economic Interests
Touching on global economic policies, Trump commented on U.S. aid programs, calling USAID a ‘good concept’ but influenced by left-wing extremism. He also addressed Ukraine, stating that the country possesses valuable rare earth resources and suggested that the U.S. wants access to them.
Trump on Elon Musk and Controversial Regions
Regarding billionaire entrepreneur Elon Musk, Trump clarified that there were no disagreements on matters of mutual interest. However, he asserted that Musk would not be permitted to operate in conflict zones without government approval.
Uncertainty Over Gaza Ceasefire
When asked about the ongoing conflict in Gaza, Trump stated that he could not guarantee the continuation of the ceasefire.
With the establishment of the U.S. Sovereign Wealth Fund, the Trump administration aimed to take greater control over financial resources, international trade, and strategic economic policies.
Key Takeaways:
✅ Trump signs an order to create a U.S. Sovereign Wealth Fund.
✅ U.S. may enter new trade talks with China within 24 hours.
✅ Increased tariffs on China possible if no agreement is reached.
✅ Trump suggests Ukraine should grant the U.S. access to rare earth minerals.
✅ Elon Musk cannot operate in conflict zones without U.S. approval.
✅ No guarantee on the continuation of Gaza’s ceasefire.
This strategic move signals a shift in U.S. economic policy, reinforcing Trump’s stance on financial independence, global trade negotiations, and national interests.
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