How Trump Is Changing American Capitalism

2025-09-02

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In a series of extraordinary deals, President Trump has muscled himself directly into the business of corporate America.The U.S. government has been made the largest shareholder of Intel, one of the most iconic companies in the country. Senator Bernie Sanders has praised the move, while conservatives have criticized it as socialism.Andrew Ross Sorkin, a columnist at The Times, explains how Mr. Trump’s deal could reshape America’s approach to capitalism.Guest: Andrew Ross Sorkin, a columnist and...

In a series of extraordinary deals, President Trump has muscled himself directly into the business of corporate America.

The U.S. government has been made the largest shareholder of Intel, one of the most iconic companies in the country. Senator Bernie Sanders has praised the move, while conservatives have criticized it as socialism.

Andrew Ross Sorkin, a columnist at The Times, explains how Mr. Trump’s deal could reshape America’s approach to capitalism.

Guest: Andrew Ross Sorkin, a columnist and the founder and editor at large of DealBook, which publishes the flagship business and policy newsletter of The New York Times.

Background reading:

Intel agreed to sell a 10 percent stake in its business to the U.S. government.
From DealBook: Trump may expand his revision of U.S. capitalism.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: Tierney L. Cross/The New York Times

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