Trump Proposes U.S. Sovereign Wealth Fund to Finance National Projects, Citing Success in Other Nations

Benzinga 2024-09-06

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Former President Donald Trump proposed the creation of a U.S. sovereign wealth fund to finance national infrastructure and other projects. Speaking to business leaders, Trump offered few details but claimed the fund would generate a significant profit to help reduce the national debt. The fund would be financed through tariffs and other mechanisms, echoing similar sovereign funds in countries like Norway and China. Critics raised concerns that the proposed fund would be vulnerable to corruption, suggesting it would benefit cronies and Trump's family through mismanaged investments.

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