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NRIPage | Articles | U.S. Sovereign Wealth Fund Could Target TikTok, Trump Says | Get Articles For Women. Empowerment, Safety guidelines, Fashion, and Wellness tips - NRI Page
In a bold move, U.S. President Donald Trump has unveiled plans to create a sovereign wealth fund for the United States, with the potential to become one of the world’s largest. The executive order signed earlier this week marks the first step in establishing the fund, which could play a key role in driving national investments and generating wealth for future generations.
While many nations, including Saudi Arabia and Norway, have successfully built sovereign wealth funds fueled by surplus income—often from natural resources—Trump’s plan is more unconventional. Given the U.S. budget deficit, the fund would need to be financed through alternative sources such as tariffs and other strategic methods.
The president has hinted that the fund could be used to finance major national projects, from infrastructure to medical research. But one of the most intriguing possibilities? Acquiring the popular social media platform, TikTok. Amid ongoing national security concerns, the Chinese-owned app was briefly banned in the U.S., but Trump has delayed the shutdown, leaving the door open for a potential deal.
“If we make the right deal, we’ll do it. Otherwise, we won’t,” Trump stated, suggesting that TikTok could be incorporated into the sovereign wealth fund if negotiations are successful. While tech giants like Microsoft, Elon Musk, and Larry Ellison have also expressed interest in acquiring TikTok, Trump remains hopeful that the fund could secure a significant acquisition.
As the U.S. embarks on this ambitious financial venture, the world will be watching to see how the sovereign wealth fund shapes the nation’s economic future.
