Key Facts
• Aug. 25, 2025: US Commerce Secretary Howard Lutnick addressed the fund’s purpose.
• The US plans to create a “National Economic Security Fund” using foreign contributions.
• Lutnick clarified the US will not establish a sovereign wealth fund (SWF).
• Japan and South Korea are among the countries contributing to the fund.
• Lutnick’s comments were made during an interview with CNBC.
• The fund aims to enhance national and economic security.
Summary
US Commerce Secretary Howard Lutnick announced plans to establish a “National Economic Security Fund” utilizing contributions from foreign nations, including Japan and South Korea. He emphasized that this initiative does not involve creating a sovereign wealth fund (SWF). Speaking in an interview with CNBC on August 25, 2025, Lutnick highlighted the fund’s focus on bolstering national and economic security. This development underscores the US’s strategy to leverage international partnerships for security and economic stability.
