Trump Adviser Promises Government Will Take Over More Businesses Soon

Briana Lupea

The Trump administration’s Intel deal represents only the first of more such interventions into the private sector, according to Kevin Hassett, the director of the White House National Economic Council. Trump last week announced that the U.S. government will be taking a 10 percent passive ownership stake in the tech company Intel. The deal came just weeks after the president called for Intel CEO Lip-Bu Tan to resign after Senator Tom Cotton alleged the executive has problematic ties to China.

Trump Adviser Promises Government Will Take Over More Businesses Soon https://newrepublic.com/ - 25.08.2025 19:50

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Trump Adviser Promises Government Will Take Over More Businesses Soon https://newrepublic.com/ - 25.08.2025 19:50