Trump: We will have a sovereign wealth box economy

On Monday, US President Donald Trump signed an executive order directing the US Treasury and Trade Ministries to create a sovereign wealth fund, and said that the fund may buy Tek Tok.

“We have to take advantage of the resources that our country is hiking,” Trump said in his oval office, adding, “We will secure a lot of resources for the sovereign wealth fund.”

The Tek Tok application was interrupted for a short period before entering a law that obliged the Chinese royal company byte Dance either by selling it for reasons related to national security or the confrontation of the ban on January 19.

And Trump, after taking office on the 20th of the same month, signed an executive order that seeks to delay the application of the ban 75 days.

Trump said he is holding talks with a number of people on the purchase of Tek Tok, and is likely to make a decision on the future of the famous application in February.

The importance of American Talk

• Nearly 170 million Americans use the Tech Talk application, and it has a tyrant popularity among young people from young people and school students, and on average the American spends 51 minutes a day on the application.
• The market value of the application is estimated between 40 and 50 billion dollars.
• The value of his advertising revenue in America in 2024 is estimated at approximately $ 16 billion, according to EMARKERESER research.

The United States has not prohibited a major social media platform before. The American law gives the new Trump administration a broad authority to prohibit other applications owned by Chinese companies or pay to sell them.

Other platforms are owned by the owner of the company that owns the Tek Tok application, among them the “Capte Kit” application and the “Lemon 8” social media application, has not been available to applications in the United States since Saturday.