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Why Trump’s Sovereign Wealth Fund Plan for TikTok Won’t Work

The Information · Kaya Yurieff · last updated

President Trump’s plan to set up a U.S. sovereign wealth fund, which he said could play a role in buying TikTok’s U.S. business, is generating a lot of conversation this week. But here’s why it’s unlikely to work out. 

First of all, it’s unclear where the money to seed such a fund would come from. Sovereign wealth funds are common in oil-rich countries like Saudi Arabia, which have budget surpluses they can invest in such projects. 

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Related Knowledge Center: The TikTok ban

State of Play

The U.S. Congress passed and President Joe Biden signed into law a measure banning TikTok if it weren’t sold by its Chinese ownership. But now-President Donald Trump gave the service a reprieve, and a sale of its U.S. operations appears imminent.

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