Trump Suggests Newly Created US Sovereign Wealth Fund Could Acquire TikTok

Washington – Former U.S. President Donald Trump has indicated that the newly established U.S. sovereign wealth fund could potentially acquire TikTok, the popular social media platform owned by Chinese tech giant ByteDance. The announcement comes as TikTok faces increased scrutiny over national security concerns.

Trump, who signed an executive order on Monday, directed the U.S. Treasury and Commerce Departments to create the sovereign wealth fund, suggesting that the fund could be used to facilitate the purchase of TikTok by an American entity.

TikTok’s Legal Battle and Temporary Shutdown

With 170 million American users, TikTok has been at the center of U.S.-China tensions over data privacy and security. On January 19, 2025, just before a new U.S. law took effect requiring ByteDance to either sell TikTok or face a ban, the platform experienced a brief service disruption, raising speculation about its fate.

After assuming office on January 20, Trump signed another executive order delaying the enforcement of the law by 75 days, buying time for negotiations over TikTok’s future.

Trump Engaged in Negotiations Over TikTok Sale

Speaking about the ongoing discussions, Trump confirmed that he is in talks with multiple stakeholders regarding the potential purchase of TikTok. He emphasized that a final decision on the app’s ownership is expected in February.

TikTok’s uncertain future in the U.S. has sparked political debate and industry-wide implications, as regulatory pressure on Chinese-owned tech companies continues to mount.