Trump says the government will do transactions such as Intel Stake “All day”

President Donald Trump Monday boasted a new proportion of government Intel And he said he decided to make similar transactions.

“I will do such deals for our country all day”, The President has published The truth is social.

Trump added that “stupid people” are upset by a step that, he said, will bring more money and jobs to the United States

“I also help those companies that make such profitable transactions with the United States. I like to see how their shares are increasing, making the US richer and richer,” he said. “More tasks for America !!! Who don’t want to do such deals?”

Earlier in the morning, the White House economic advisor Kevin Joset said the Intel move is part of a broader strategy for creating a sovereign wealth fund that may include more companies.

In an agreement that noted further use of federal participation with private companies, the White House on Friday announced it was occupied 10% of the share From the giant -p. The share costs about $ 8.9 billion, some of which will come from grant financing related to the law on chips, and the rest will be under separate state distributions on programs related to the creation of safe chips.

Emphasizing that the government will not join the company operation, Joset said this step is part of the current plan.

“Well, I believe “Box.” “But the president made it clear back to the company, he believes that in the end it would be great if the US could start creating a sovereign wealth fund. Therefore, I am sure that there will be more deals at some point, if not in this area, then other industries.

Trump signed an order in early February to start A sovereign fund of wealthA mechanism that is primarily used by smaller countries with huge natural resources used as the back of the back for transactions. According to the Institute of Sovereign Fund, Norway leads the world in such funds with 1.8 trillion. Dollars. China is nearby, and there are also great funds in several countries of the Middle East.

Despite the fact that the US government takes great positions in corporations, it is unusual, it is not healed, Joset said, citing Bid in Fanny May and Freddie Mc after the financial crisis.

“We are absolutely not the choice of winners and lost,” he said. “But this is not a thing that is unprecedented.”

Hosset added that this step is part of the administration strategy that includes tariffs to encourage more companies to overcome their production.