Trump Plans Sovereign Fund for TikTok Acquisition

President Donald Trump has signed an executive order to create a sovereign wealth fund that could potentially facilitate the purchase of TikTok, owned by China's ByteDance, if a suitable American buyer is found. The order directs the Treasury and Commerce Departments to develop a plan for this fund within 90 days, although its establishment may require Congressional approval due to the U.S. budget deficit. Trump expressed optimism about the fund's potential, suggesting it could not only acquire TikTok but also finance major national projects. Meanwhile, tensions with China over TikTok continue, as Beijing may resist a sale without significant concessions from the U.S. The situation has led to speculation about possible buyers, including major tech firms and prominent individuals. The creation of this fund aligns with Trump's vision of leveraging government investments to generate wealth and support national interests.