President Donald Trump announced a new executive order on Monday to create a sovereign US wealth fund and suggested it would be used to purchase TikTok.

A sovereign wealth fund is an investment fund owned and operated by a government, something that nations like China have utilized to great effect for years, and now Trump wants to do the same.

While many details aren't yet available, it is suspected that the wealth fund will be supported by proceeds from tariffs which Trump wants to make the backbone of American revenue after decades of taxation.

Where TikTok comes into this is Trump may offer China relief from planned 10% tariffs should China offload TikTok ownership to the United States.

Big Plans For Investment Fund

Trump wants TikTok as it has become a key source of outreach for his administration to youth voters and allows conservative media and information to bypass the filters of the mainstream media.

During Trump's signing of the executive order, he stated, "It’s a very exciting event. We’re going to have a sovereign wealth fund, which we’ve never had."

Trump was joined by News Corp founder Rupert Murdoch and Oracle billionaire Larry Ellison in signing this executive order which is generating a lot of buzz for the future.

Trump continued by saying, "Other countries have sovereign wealth funds, and they’re much smaller countries, and they’re not the United States. As an example, TikTok, we’re going to be doing something perhaps … and we might put that in the sovereign wealth fund, whatever we make, or if we do a partnership with very wealthy people — a lot of options, but we could put that as an example in the fund."

Creating wealth

Trump is extremely confident in the future of the fund saying, "In a short period of time, we’ll have one of the biggest funds … The Saudi Arabia fund is on the large side, but eventually we’ll catch it. But we’re going to create a lot of wealth for the fund."

Treasury Secretary Scott Bessent gave further details saying, "We’re going to stand this thing up in the next 12 months. We are going to monetize the asset side of the US balance sheet for the American people. We are going to put the assets to work and I think it’s going to be very exciting. We’ve studied best practices that’s done around the world. It will be a combination of liquid assets, assets that we have in this country as we work, work to bring them out for the American people."

This latest move is yet another move designed to invest in the United States after decades of sending out billions of dollars to other nations and neglecting issues at home.

America First

Trump already has plans for this wealth fund, aside from buying TikTok, involving building new highways, airports, and manufacturing hubs. Medical research and improvements to healthcare are also on the table.

American infrastructure is in critical condition and former President Joe Biden apportioned billions for fixes but nothing came of it as that money was likely siphoned off into countless consulting groups.

Trump wants to actually do something for the American people instead of funnel money to consulting companies with close ties to Democrat entities.

It remains to be seen exactly what will happen, but countries like Norway and China have made good use of wealth funds and if Trump is halfway successful, it will be a win for the American people.