Info via Reuters report:
The U.S. Treasury and Commerce departments are drafting plans for a sovereign wealth fund, though no final decisions have been made, according to the White House.
The initiative, ordered by Trump in February, would aim to monetise government-held assets for public benefit and bolster economic security. A central feature under consideration is the use of tariff revenues as a core funding source.
Treasury Secretary Scott Bessent is reportedly exploring a strategy that would leverage both liquid reserves and domestic assets, with the fund potentially combining investment and development functions — similar to sovereign wealth models used globally.
The White House said the proposal is part of the administration’s broader strategy to use every available tool to safeguard U.S. national and economic security.
This article was written by Eamonn Sheridan at www.forexlive.com.