Washington, D.C. – Na wah o! E no be everyday you go see wey person go dey buy share for company like say na supermarket. Na so President Donald Trump don find fresh strategy wey fit shock many people. This strategy wey him dey use no be new for war or economic crisis, but for now, e dey run am like na napkin wey don wet for table.
According to CNBC report wey come out for Saturday, July 26, Trump don grab shares for companies wey dem say na for ‘security national’ matter. First matter na how him don collect shares for Nippon Steel, the big man wey dey produce steel for Japan, for whopping $14.9 billion. As reward, Trump don secure wetin dem dey call ‘golden share’, wey mean say na him go fit veto any decision wey no dey sweet am.
How e be na e be, as this month the U.S. Department of Defense join body with $400 million to buy shares for MP Materials wey be big time miner for rare earth materials. Na so the Pentagon come be the oga patapata for that company. (Where dem see this money sef? Make we check am well-o!)
Inside January, Trump administration don even dey sing one song wey involve to buy 50% of TikTok. If ByteDance no gree sell am to America before September 17, wahala go dey! Sarah Bauerle Danzman, wey sabi about foreign investments and national security, don yarn say if na democrat do this kind body, dem go dey call am communist. Seems Trump dey stretch the limits for wetin the government fit do for economy o!
Na as e be, the U.S. no be stranger to interventions for vital sectors, especially when national security dey yan. Na for time of war or financial crisis dem dey rush enter to save companies from collapse. For 1970s, na Lockheed and Chrysler dem rescue. Fast forward to 2008, the government take majority share for General Motors to make sure say dem no go crash during financial wahala.
More drama fit still dey come as Trump government dey plan how to support American companies wey dey face Chinese competition. Doug Burgum, wey dey the Interior Department, don talk say dem fit need to drop fresh investment for companies wey dey compete with China for essential minerals. The investment for MP Materials fit serve as model for future public-private partnership! James Litinsky, wey be CEO, don talk say na new way to boost free market and secure supply chain wey dem dey find.
No be small matter, o! The American government dey show don to the mining industry how to stand strong against Chinese market tactics.
