Trump first presented the fund idea during his election campaign, suggesting that it could be financed through tariffs and other strategic means, pointing to his existing plans for tariffs on imports from key trading partners like China, Mexico, and Canada. While levies on Canada and Mexico have been paused for a duration of 30 days, Treasury Secretary Scott Bessent indicated the fund could take shape within the next year, intended to monetize US government assets for public benefit.

Prominent examples of sovereign wealth funds include those from Saudi Arabia and Norway, bolstered by fossil fuel sales, and often investing in both domestic and international projects. Trump's vision for a US fund includes financing significant infrastructure and research initiatives. He recently hinted that TikTok, the Chinese-owned social media platform, might be included in potential acquisitions through this fund. He noted that after considering a possible national security hazard regarding TikTok, he would look for viable solutions that could involve a partnership or acquisition.

Trump's comments also reflect ongoing discussions with technology giant Microsoft, suggesting a competitive bidding scenario for TikTok involving high-profile investors like Elon Musk and Larry Ellison. While acknowledging there could be benefits from a negotiation over TikTok, Trump expressed that a strategic decision would be based on favorable terms.

In conclusion, the creation of a US sovereign wealth fund reflects Trump's long-term ambitions for national financial growth while navigating the complex landscape of global tech acquisitions.