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Home » President Donald Trump Signs New Executive Orders (Feb. 3, 2025)  

President Donald Trump Signs New Executive Orders (Feb. 3, 2025)  

Read the full transcript of President Donald Trump remarks amid signing new executive orders on February 3, 2025.

Listen to the audio version here:

TRANSCRIPT:

OFFICIAL: We have, for your signature, five official designations of special envoys. The first is, Mister Steve Witkoff who’s actually in the room to be your Middle East envoy.

DONALD TRUMP: Where is Steve? Steve Witkoff. He’s done a great job in the Middle East. Really great. But we’ll see how it all turns out. It’s complex, but I think he’s going to do very well.

OFFICIAL: Next, we have Mauricio Claver-Carone to be your special envoy to Latin America, sir.

DONALD TRUMP: Alright. Good man.

OFFICIAL: Thank you, sir. Next, we have retired general Keith Kellogg to be your special envoy on Russian-Ukraine issue.

DONALD TRUMP: We’ve made a lot of progress on Russia, Ukraine. We’ll see what happens, but a lot of progress has been made. We got to stop that ridiculous war.

OFFICIAL: Thank you, sir. Next, we have designation of Richard Grenell, Rick Grenell, to be your envoy for special missions.

DONALD TRUMP: I sent him to California to turn on the water. We turned it on. It was not easy because we had to go through a lot of environmentalists that are causing a lot of problems, and we have billions of gallons of water. It was on three days ago. You probably saw. It should’ve gotten a lot of press, but it didn’t get much.

All we’re doing is giving Los Angeles and the entire state of California virtually unlimited water, which they could have done five years ago, which I told them they should do, but the environmentalists stopped them. And we opened it, and we did it, regardless of the state. And now the state seems to be very happy. I spoke with Gavin Newsom, and he’s very happy. I almost called him by the other name, but my little nickname for him.

But I think they’re all happy. They have a lot of water in California. Too bad we didn’t have it about two months ago. Right? That was, by the way, that was a big, that was a big move. We have, I don’t, I don’t know if you saw the pictures that were released of the water pouring down from the Pacific Northwest and Canada and lots of other places, and it’s a pretty amazing sight.

OFFICIAL: Mister President, Rick Grenell had a big Friday trip as well.

DONALD TRUMP: He had a very big Friday trip. You’re right. We’ll talk about that. He’s doing, he’s a good man, Rick.

OFFICIAL: Lastly, sir, we have a designation of Mark Burnett as your special envoy to the United Kingdom.

DONALD TRUMP: You know who Mark Burnett is? I figured he should be good. He certainly, you’ve done a great job. Friend of mine and very talented guy. We have very talented people working for us. I’ll hold that one up because Mark gets so much television. We’ll hold it up. Right? He’ll be thrilled to see it. He’s going to do a good job.

OFFICIAL: Thank you, sir. Next, your administration has smashed records for appointing large numbers of highly qualified, capable people at all levels of the federal government. These are twenty-eight subcabinet level officials being appointed to a number of different departments and agencies. Some of them are quite important positions like departmental general counsels, but these are people who have been pre-vetted and have received your approval previously.

DONALD TRUMP: Very good. Okay.

American Sovereign Wealth Fund

REPORTER: Thank you, sir. Next, this is an executive order. This charges your Secretary of the Treasury, Scott Bessent, and your Secretary of Commerce, Howard Lutnick, to begin a process that will hopefully result in the creation of an American sovereign wealth fund.

DONALD TRUMP: It’s a very exciting event. We’re going to have a sovereign wealth fund, which we’ve never had. We have a lot of things that create wealth, and you’ve seen that over the last two weeks. I think we’ve created more wealth. Other people have created de-wealth, to people, my predecessors. We’re creating a lot of wealth. Scott, maybe you’d like to say something about it, and I’d ask also Howard to come over to say something about it.

SCOTT BESSENT: Yes, sir. This is very exciting. We’re going to stand this thing up within the next twelve months. We are going to monetize the asset side of the US balance sheet for the American people. We are going to put the assets to work, and I think it’s going to be very exciting. We’re going to study best practices that’s done around the world. It’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.

HOWARD LUTNICK: The extraordinary size and scale of the US government and the business it does with companies should create value for American citizens. If we are going to buy two billion COVID vaccines, maybe we should have some warrants and some equity in these companies and have that grow for the help of the American people. So I bring all these things together, I think we’ll create, Scott and I will create, an amazing sovereign wealth fund for you, sir.

DONALD TRUMP: So other countries have sovereign wealth funds, and they’re much smaller countries, and they’re not the United States. We have tremendous potential in this country, tremendous. You’re seeing that’s what’s happened just in a short period of time.

And as an example, TikTok, we’re going to be doing something perhaps with TikTok and perhaps not. If we make the right deal, we’ll do it. Otherwise, we won’t. But I have the right to do that, and we might put that in the sovereign wealth fund, whatever we make, or if we do a partnership with very wealthy people, a lot of options. But we could put that as an example in the fund. And we have a lot of other things that we could put in the fund.