Trump says the government will make deals like Intel “all day”

president Donald Trump On Monday, the government’s new share was boasted Intel He said he was determined to make similar deals.

“I will make deals like this for our country all day.” Publish the president On the social truth.

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

He said: “I will also help those companies that make such profitable deals with the United States … I love seeing the price of its share rises, which makes the United States richer,” he said. “More jobs for America !!! Who does not want to make such deals?”

Earlier this morning, White House Economic Adviser Kevin Haysit said that the Intel step is part of a broader strategy to create a sovereign wealth box that could include more companies.

In a deal that was distinguished by another participation in federal participation with private companies, the White House announced on Friday that it was He took a 10 % stake From the chips giant. The value of the share is about $ 8.9 billion, some of which will come from the financing of grants associated with the chips law, while the rest will be under separate governmental allocations for programs related to the creation of safe chips.

While emphasizing that the government will not participate in the company’s operations, Haysit said this step is part of an ongoing plan.

“Well, I think this is a very special circumstance because of the huge amount of spending of the chips law that was coming,” Haysit, director of the National Economic Council, said in an interview with CNBC. “Squawk box.” “But the president has made clear all the way to the campaign, and he believes that in the end, it would be great for the United States to start building a sovereign wealth fund. So I am sure that at some point there will be more transactions, if not in this industry and then other industries.”

Trump signed an executive order in early February to start Sovereign wealth fundIt is a mechanism that smaller countries use primarily with vast natural resources used as a successive succession for transactions. Norway leads the world in such funds with about $ 1.8 trillion of assets, according to the Sovereign Wealth Fund Institute. China is the next, and multiple Middle East countries also have large money.

Hasit, citing the risks at Fannie and Faridy Mac, following the financial crisis, said that the US government, which is holding significant positions in companies, is unusual, which no one has heard.

“We are not at all in the field of choosing the winners and losers,” he said. “But this is not unprecedented.”

Haysit added that this step is part of the management strategy that includes the customs tariff to encourage more companies on the beach of its production.