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Al Jazeera
Al Jazeera
Politics
Al Jazeera Staff

Why does Trump want a US sovereign wealth fund?

Donald Trump United States TikTok Scott Bessent Bitcoin Commerce the American Enterprise Institute
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, DC [File: Kevin Lamarque/Reuters]

US President Donald Trump has given the Departments of the Treasury and Commerce 90 days to come up with a plan to establish a sovereign wealth fund (SWF).

“We’re going to create a lot of wealth for the fund,” Trump told reporters. “And I think it’s about time that this country had a sovereign wealth fund.”

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