“Unprecedented… I don’t know what the word is, but it’s bad,” says trade expert Deborah Elms.

Other experts say no US company has ever done anything like this before.

But Trump did do something similar in June when he approved the takeover of US Steel by Japan’s Nippon Steel. That included a so-called “golden share”, a rare practice in which the government takes a stake in a business.

In this case, the White House has not said how the agreement will be implemented - such as where this money would go, or how it would be used.

  • pelespirit@sh.itjust.worksOPM
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    20 days ago

    Hey billionaires, this is what I’ve been talking about. Do you really think you and your companies are safe? You are not special. He will take a cut just like the mob boss he is.

    Glad you’re okay with this shit. You made him, now fix it.