Former President Donald Trump proposed the creation of a U.S. sovereign wealth fund to finance national infrastructure and other projects. Speaking to business leaders, Trump offered few details but claimed the fund would generate a significant profit to help reduce the national debt. The fund would be financed through tariffs and other mechanisms, echoing similar sovereign funds in countries like Norway and China. Critics raised concerns that the proposed fund would be vulnerable to corruption, suggesting it would benefit cronies and Trump's family through mismanaged investments.
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00:00It's Benzinga, and here's what's on the block.
00:03Former President Donald Trump proposed the creation of a U.S. sovereign wealth fund to
00:07finance national infrastructure and other projects.
00:10Speaking to business leaders, Trump offered few details but claimed the fund would generate
00:14a significant profit to help reduce national debt.
00:17The fund would be financed through tariffs and other mechanisms, echoing similar sovereign
00:21funds in countries like Norway and China.
00:23Critics raised concerns that the proposed fund would be vulnerable to corruption, suggesting
00:27it would benefit cronies and Trump's family through mismanaged investments.
00:31For all things money, visit Benzinga.com.