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International Business Times
International Business Times
Business

Heavy Hand: Free-market US Tested As Trump Takes Stakes In Private Companies

Donald Trump United States Lithium Americas White House Barack Obama America Apple Intel Corporation Tim Cook lithium
As a condition of allowing the sales of US Steel to Nippon, President Donald Trump demanded a government 'golden share' in the enteprise (Credit: AFP)

The Trump administration is in talks to take an equity stake in Lithium Americas, which would insert the government into another private enterprise in the latest challenge to American free-market traditions.

The move comes on the heels of Trump announcements establishing government holdings in struggling semiconductor giant Intel and the rare earth company MP Materials. Trump also secured a "golden share" for Washington in United States Steel as a condition of its sale to Japan's Nippon Steel.

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