Trump Launches US Sovereign Wealth Fund, Suggests It Could Buy TikTok

US President Donald Trump has taken a significant step toward establishing a sovereign wealth fund for the United States, with the possibility of using the fund to purchase the popular social media platform TikTok.

On Monday, Trump signed an executive order to officially begin the process of creating the fund, which he envisions becoming one of the largest sovereign wealth funds in the world.

The move comes as part of his broader economic agenda to generate wealth and strengthen the US economy.

“We’re going to create a lot of wealth for the fund,” Trump said, although he did not elaborate on exactly how the fund would be financed.

During his campaign, Trump suggested that tariffs on imports and other economic strategies could be used to fund the sovereign wealth fund, which would invest surplus income for the benefit of future generations.

At present, the United States runs a budget deficit, which makes the creation of a sovereign wealth fund challenging.

However, Treasury Secretary Scott Bessent confirmed that the fund would be set up within the next 12 months, with plans to monetize assets currently owned by the US government.

Trump’s vision for the sovereign wealth fund includes funding major national projects such as infrastructure improvements and medical research, similar to the way other countries, like Saudi Arabia and Norway, use their sovereign wealth funds to invest in global companies and projects.

In an unexpected twist, Trump also floated the idea of using the sovereign wealth fund to acquire TikTok, the Chinese-owned social media platform.

TikTok has been at the center of controversy over national security concerns, with the previous administration ordering its owner to sell its US operations or face a ban.

Although Trump had delayed the ban after a public outcry from TikTok’s US users, he has continued to push for a solution.

“We’re going to be doing something, perhaps with TikTok, and perhaps not,” Trump commented. “

If we make the right deal, we’ll do it. Otherwise, we won’t… we might put that in the sovereign wealth fund.”

Recently, Trump mentioned that Microsoft was in talks to acquire TikTok, and he expressed interest in a “bidding war” for the platform.