What would you call the Trump administration acquiring a 10% equity stake in Intel, a 15% stake in rare earth producer MP Materials, and a 10% stake in Lithium Americas and Trilogy Meals Metals? Excuse me? It's an American first policy to make sure we can out compete China. Do you believe that the government should own grocery stores? No. That would be socialist to you? I think that would be a type of overreach of the federal government. (04:53–04:56)
CLAIM
Asserts that acquiring stakes in companies is part of an "American first" policy to compete with China.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
