Trump Pushes for U.S. Sovereign Wealth Fund in New Executive Order

The proposed fund aims to bolster economic security and global influence but faces questions over funding and governance.

President Donald Trump signed an executive order directing the Commerce and Treasury Departments to draft a plan for a U.S. sovereign wealth fund within 90 days.
The fund is intended to promote fiscal sustainability, reduce tax burdens, and enhance U.S. economic and strategic leadership globally.
Critics question how the fund will be financed, given the U.S.'s ongoing budget deficits, with potential funding sources including tariffs, asset sales, or tax revenues.
Concerns have been raised about governance, transparency, and the potential for political misuse, with comparisons drawn to past international corruption scandals involving sovereign wealth funds.
Trump has hinted at possible uses for the fund, such as acquiring TikTok, but specifics on its priorities and structure remain unclear.