GuShiio.com Former Morgan Stanley executive Michael Grimes is expected to lead a sovereign wealth fund launched by U.S. President Donald Trump, which is planned to be backed by foreign tariff revenue, according to Reuters, people familiar with the matter said. Sources said discussions are still ongoing and have not yet been finalized. Trump has previously said the fund could be funded by tariff and other revenue and is considering establishing an External Revenue Service to manage tariff revenue.
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