Trump Proposes U.S. Sovereign Wealth Fund to Finance National Projects

The fund would be partially funded by tariffs and aims to invest in infrastructure, defense, and technology.

Trump presented the idea at the Economic Club of New York, suggesting it would generate 'gigantic profit' for the nation.
The U.S. has not had a budget surplus since 2001, raising questions about the fund's viability.
Sovereign wealth funds are common in oil-rich nations and are used to stabilize economies and invest in long-term projects.
Critics argue the proposal lacks details and could lead to corruption and mismanagement.
Trump's broader economic plan includes tax cuts, deregulation, and increased tariffs on imports.