Sovereign Wealth Fund Proposal

Donald Trump has proposed the creation of a sovereign wealth fund aimed at benefiting the U.S. population, which would involve investing in both foreign assets and domestic priorities such as manufacturing and supply chains. This concept has previously been considered by the Biden administration but was ultimately disregarded. The executive order outlined by Trump seeks a plan from the Treasury Secretary within a few months, despite many unanswered questions regarding the fund's objectives and viability. Unlike Norway, which established a successful fund based on abundant oil revenues, the U.S. faces a substantial deficit, making the potential funding and goals for such a wealth fund uncertain.