Why Trump’s Sovereign Wealth Fund Plan for TikTok Won’t Work

President Trump’s plan to set up a U.S. sovereign wealth fund, which he said could play a role in buying TikTok’s U.S. business, is generating a lot of conversation this week. But here’s why it’s unlikely to work out. 

First of all, it’s unclear where the money to seed such a fund would come from. Sovereign wealth funds are common in oil-rich countries like Saudi Arabia, which have budget surpluses they can invest in such projects.