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International Business Times
International Business Times
National
Luke Funk

Trump Orders Creation Of Sovereign Wealth Fund And Says It Could Purchase TikTok

Donald Trump TikTok Scott Bessent United States Howard Lutnick
U.S. Secretary of Treasury Scott Bessent speaks as President Donald Trump and U.S. Secretary of Commerce nominee Howard Lutnick look on after Trump signed an executive order to create a U.S. sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, D.C. (Credit: JIM WATSON/AFP via Getty Images)

President Donald Trump is directing the United States to develop a government-owned investment fund known as a sovereign wealth fund.

"It's a very exciting event," Trump said and added that much smaller countries already have wealth funds.

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