The US needs to repay debt before setting up a state -owned fund, Donald Trump said today, signaling a possible shift in its plans to create such a fund within one year. “I will probably repay the debt and then make the fund after debt has been repaid,” Trump told Doha during a press conference. Trump signed a decree in February to establish a state property fund within one year. He had previously stated that the revenue from import tariffs could be the basis for a state -owned fund. US debt is currently at $ 36.2 trillion, according to the Treasury, above the $ 36.1 trillion threshold set in January from Congress. Usually state -owned funds are based on a country’s fiscal surplus to invest, but the US is operating in a deficit. The creation of such a fund in the US […]
Source: News Beast
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