MarketDeal24.Com – In a radical shift of policy of the United States administration towards country’s private sector, President Donald Trump announced that he would support a plan for the government to take stakes in certain business ventures.
Queried if he supported the federal government intervening to take an equity stake in some big businesses, Trump said: “I do. I really do.”
Trump, speaking at a news conference at the White House, added: “We will be helping the airline industry. We will be helping the cruise ship industry. We probably will be helping the hotel industry.”
The ongoing coronavirus epidemic, which was originated in the Hubei province of China, has so far spread out to different parts of the world. Infected around 11,000 Americans and claimed the lives 180 others in the US. It has also shuttered schools, restaurants and businesses across the globe’s largest economy.