Trump Proposes US Sovereign Wealth Fund to Potentially Acquire TikTok

In a recent executive order, President Trump revealed plans to establish a US sovereign wealth fund, which he envisions could one day purchase the popular social media platform TikTok. During an announcement to reporters, Trump stated that the fund aims to amass considerable wealth, although details on its funding remain vague. He suggested that tariffs and other measures could finance this venture as part of a broader strategy to enhance American infrastructure and invest in critical projects. The creation of this fund is expected to take shape within a year, according to Treasury Secretary Scott Bessent. Despite the previous administration's order to ban TikTok due to security concerns, Trump has delayed this action while exploring potential solutions, including a Microsoft-led bidding process for the platform. Additionally, notable figures such as Elon Musk and Larry Ellison have been mentioned as potential buyers for TikTok, indicating a competitive atmosphere surrounding the app's future.