President Trump wants to create a national investment fund with the potential to acquire TikTok.

On February 3rd, US President Donald Trump signed an executive order establishing the country's first national investment fund, initiating a mechanism that promises to potentially acquire TikTok from China.

The executive order lacks detail and simply directs the Treasury and Commerce Departments to submit plans for establishing a national investment fund within 90 days. The plans must include recommendations on financing mechanisms, investment strategies, fund structure, and management models, according to Reuters on February 4th.

Executive officials did not mention how the fund is financed or operated, but President Trump previously said that the fund's funding could come from "tariffs and other smart things."

Trump said a US sovereign wealth fund could buy TikTok.

Present in the Oval Office at the time the executive order was signed into law, Treasury Secretary Scott Bessent said the fund would be operational within 12 months.

Although he hasn't publicly mentioned the fund's purpose, President Trump cited an example of using the national investment fund to acquire TikTok.

As of February 3rd, TikTok was still unavailable for download from app stores in the US.

What is a sovereign wealth fund?

A sovereign wealth fund is a fund belonging to a government , encompassing investments related to foreign assets. In the case of TikTok, this fund could be used to acquire TikTok's US assets from its parent company, ByteDance, if the latter agrees to sell.

According to Reuters, the national investment fund's funds can come from surplus reserves, trade surpluses, foreign exchange operations, privatization proceeds, and government payments.

The world's largest sovereign wealth fund is currently the Norwegian government's Global Pension Fund, established in 1990. As of January, the fund held over $1.7 trillion, according to Investopedia.

Source: https://thanhnien.vn/tong-thong-trump-muon-tao-quy-dau-tu-quoc-gia-co-tiem-nang-mua-lai-tiktok-185250204063354721.htm