Trump’s Intel stake sparks cries of ‘socialism’ from his party, but he vows more deals are coming
By BERNARD CONDON, Associated Press Business Writer
NEW YORK (AP) — Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a “socialist” move: More is coming.
“I will make deals like that for our Country all day long,” the president posted on Truth Social after critics piled on, adding later about future ownership stakes, “I want to try and get as much as I can.”
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One possible target: defense contractors, whom Commerce Secretary Howard Lutnick told CNBC Tuesday were ripe for the picking given the U.S. government is a big customer.