Trump Trade: Trump administration weighs structure of potential AI stakes

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.

AI STAKES: 

Senior Trump administration officials have explored ways to structure potential government equity stakes in major AI companies ahead of export control actions affecting Anthropic, with Treasury Secretary Scott Bessent favoring using such stakes to seed “Trump Accounts” and Commerce Secretary Howard Lutnick instead preferring channeling them into a sovereign wealth fund structure, Semafor’s Eleanor Mueller reports. The talks about possible AI stakes ceded to the government are still in the early stages, sources say.

TRADE BLACKLIST: 

In an attempt to avoid escalating tensions with Beijing, the U.S. has held off adding China’s DeepSeek, CXMT, and over 100 other companies flagged as national security risks to a trade blacklist, Karen Freifeld of Reuters reports. Last year, DeepSeek, CXMT, and other companies were approved by an interagency committee to be added to the Commerce Department’s Entity List and a large number of companies are waiting to be published on this list.

EXPORT CONTROLS: 

According to sources, Trump officials weighed Anthropic export controls weeks before forcing its models offline, after a dispute over giving China-linked firm Mythos access, The Washington Post reports.

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Originally Posted June 17, 2026