Will the White House Purchase TikTok? – US Sovereign Wealth Fund and TikTok

US President Donald Trump signed an executive order on February 3, 2025, to establish a sovereign wealth fund. The fund aims to increase national wealth by investing in assets such as infrastructure and medical research. One of the fund’s first investments could be the TikTok app, owned by China’s ByteDance. The government is considering buying a 50% stake and it is not yet clear how the fund would be funded, although it is suggested that customs duties would be used. The fund requires Congressional approval.

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