Donald Trump's administration continues to push for greater government involvement in the private sector of the U.S. economy, responding to political changes and national trends.
Trump's 'Golden Share' in U.S. Steel
Trump gained a 'golden share' in U.S. Steel, giving him ultimate decision-making power in major company decisions. He stated, 'You know who has the golden share? I do.' This agreement was brokered with Japanese company Nippon Steel.
Pentagon's Investment in MP Materials
Earlier this week, the Department of Defense purchased a $400 million stake in MP Materials, a rare-earth mining company. Experts believe this marks the largest instance of public-private cooperation in the U.S. mining industry. 'The Department of Defense has never invested in a mining company,' noted Gracelin Baskaran from the Center for Strategic and International Studies.
Support for Strategic Companies and New Initiatives
The government is developing a policy aimed at supporting U.S. companies in strategic sectors, particularly those competing against Chinese manufacturers. Trump proposed the possibility of acquiring a 50% stake in TikTok as part of a joint venture to strengthen U.S. market positions. Experts speculate that such measures could become standard in the face of competition from China.
The current actions of the Trump administration in the corporate sector highlight the growing influence of the state in the economy. In the context of international competition and global challenges, this government intervention could become a part of a new U.S. economic policy.
