Trump Trade: Trump administration discusses taking stake in Critical Metals

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

CRITICAL METALS: The Trump administration has discussed taking a stake in Critical Metals Corp (CRML), Jarrett Renshaw, Ernest Scheyder and Gram Slattery of Reuters report, citing four people familiar with the discussions. This would give Washington a direct interest in the largest rare earth projects in Greenland, the territory President Donald Trump has previously suggested purchasing.

WIND PROJECTS: Shell’s (SHEL) Colette Hirstius, president of Shell USA, said the Trump administration’s decision to halt fully permitted offshore wind energy projects is “very damaging” to investment and has called for a more predictable regulation, Jamie Smyth of The Financial Times reports. “I think uncertainty in the regulatory environment is very damaging. However far the pendulum swings one way, it’s likely that it’s going to swing just as far the other way,” Hirstius said, according to the Times.

AUTO TARIFF: Republican Senator Bernie Moreno, along with auto officials, told Reuters that President Donald Trump is mulling significant tariff relief for U.S. car production that could effectively eliminate much of the costs major auto manufacturers are currently playing. “The signal to the car companies around the world is look you have final assembly in the US: we’re going to reward you,” Moreno said in an interview. “For Ford (F), for Toyota (TM), for Honda (HMC), for Tesla (TSLA), for GM (GM), those are the almost in order the top five domestic content vehicle producers — they’ll be immune to tariffs.” Other publicly traded companies in the space include Lucid Group (LCID), Mercedes-Benz (MBGYY), Nissan (NSANY), Rivian (RIVN), Stellantis (STLA), and Volkswagen (VWAGY).

HOMEBUILDERS: President Donald Trump urged Fannie Mae and Freddie Mac to “get Big Homebuilders going,” accusing the U.S. builders of “sitting on 2 Million empty lots, a RECORD,” Reuters reports. It is not yet clear what action Trump expects the builders or mortgage giants to take. Publicly traded companies in the homebuilding space include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), KB Home (KBH), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM) and Toll Brothers (TOL).