Trump says sovereign wealth fund could buy TikTok
Published On Feb 3, 2025, 6:52 PM
President Donald Trump is proposing the establishment of a US sovereign wealth fund, which he envisions could potentially purchase TikTok. This fund would aim to generate wealth through means such as tariffs on imports. Despite a current budget deficit, the fund is anticipated to be operational within the next year. Trump's plan also hints at a broader role for the fund in financing major national projects and initiatives, following examples set by other countries with sovereign wealth funds.
Stock Forecasts
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The establishment of a US sovereign wealth fund might signal increased investments in domestic assets, alongside potential acquisitions like TikTok, which could bolster the tech sector and create opportunities for leading firms involved in digital infrastructure and social media. However, concerns regarding regulations and tariffs may initially create volatility in stock prices.
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