Critics cry ‘socialism’ while Trump seeks control of some private businesses

Read more: https://www.washingtontimes.com/news/2025/aug/22/trump-seeks-control-private-businesses-critics-cry-socialism/

President Trump has upended traditional economic and trade policy to fix what he sees as an unprofitable enterprise. Part of that involves making deals for Uncle Sam to pocket a cut of the profits or take an ownership stake in private businesses receiving government support.