President Trump signed an executive order to establish a U.S. sovereign wealth fund aimed at generating government revenue and strengthening foreign investments.
He proposed the fund might also acquire TikTok to prevent a ban on the app’s Chinese parent company, ByteDance.
The bipartisan-backed fund concept would allow the U.S. to invest strategically in global markets, mirroring funds in countries like Norway and Saudi Arabia.
However, experts warn the U.S. lacks the cash reserves needed to fund it. Trump suggested tariffs could finance the initiative, though details remain unclear.
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