Source: Cato Institute
by Ryan Bourne & Nathan Miller
“President Trump first mused about a U.S. Sovereign Wealth Fund during his 2024 presidential campaign. Shortly after he took office, he signed an executive order instructing his Treasury and Commerce Secretaries to design such a fund. Those plans would ultimately stall, but as we summarized in August, what we’ve seen instead is a wave of ad hoc stakes and revenue shares wrested from U.S. companies like U.S. Steel, Nvidia and AMD, and most famously Intel. Trump advisers pledged to continue their interventionist tear, and just this week Trump announced the country will take a 10% stake in the Canadian mining company Trilogy Metals and fast-track permit approval for an Alaskan mining road the company stands to benefit from. A survey of top finance economists by the Kent Clark survey groups warns this strategy tends to backfire, even for the individual firm.” (10/10/25)
https://www.cato.org/commentary/finance-economists-warn-against-government-shareholder