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Trump’s sovereign wealth fund likely to be aimed at China, but how will he finance it?
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US President Donald Trump signs an executive order to create a US sovereign wealth fund on Feb 3.
PHOTO: AFP
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WASHINGTON – The sovereign wealth fund (SWF) that US President Donald Trump wants to create will likely be weaponised in America’s escalating geostrategic rivalry with China.
It is still to be determined how large America’s first national SWF will be and how it would be funded, but Mr Trump said it could monetise the US$5.7 trillion (S$7.71 trillion) in assets that the US government currently holds.
