President Donald Trump says call with Putin “went very well”
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:
IRA TAX CREDITS:
Shares of several solar energy companies slipped after conservative Republican lawmakers said they had secured a commitment from leadership to end key clean-energy tax credits earlier than planned as part of a deal aimed at allowing President Donald Trump’s tax and spending package to advance. South Carolina Representative Ralph Norman said House leadership had agreed to a proposal to end Inflation Reduction Act tax credits earlier than Republicans’ original proposal, though Norman didn’t provide a new timeframe. In a post to X, Norman stated: “After last night’s budget vote, we made some progress. Yes, we’re moving up Medicaid work requirements. Yes, we’re putting an end to the Green New Scam subsidies. There are several bites at the apple, but more to be done. We have worked tirelessly to ensure President Trump’s America First agenda is maximized in this bill. The US credit rating being downgraded is evidence of how our fiscal house is out of order. The American people deserve better, and it’s high time our colleagues step up, get serious, and deliver the bold reforms this country needs.” Publicly traded companies in the space include Enphase Energy (ENPH), Sunrun (RUN), Array Technologies (ARRY), First Solar (FSLR), Canadian Solar (CSIQ), Emeren (SOL), FTC Solar (FTCI), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR).
CALL WITH PUTIN:
President Donald Trump stated in a post to Truth Social, “Just completed my two hour call with President Vladimir Putin of Russia. I believe it went very well. Russia and Ukraine will immediately start negotiations toward a Ceasefire and, more importantly, an END to the War. The conditions for that will be negotiated between the two parties, as it can only be, because they know details of a negotiation that nobody else would be aware of. The tone and spirit of the conversation were excellent. If it wasn’t, I would say so now, rather than later. Russia wants to do largescale TRADE with the United States when this catastrophic bloodbath’ is over, and I agree. There is a tremendous opportunity for Russia to create massive amounts of jobs and wealth. Its potential is UNLIMITED. Likewise, Ukraine can be a great beneficiary on Trade, in the process of rebuilding its Country. Negotiations between Russia and Ukraine will begin immediately. I have so informed President Volodymyr Zelenskyy, of Ukraine, Ursula von der Leyen, President of the European Commission, President Emmanuel Macron, of France, Prime Minister Giorgia Meloni, of Italy, Chancellor Friedrich Merz, of Germany, and President Alexander Stubb, of Finland, during a call with me, immediately after the call with President Putin. The Vatican, as represented by the Pope, has stated that it would be very interested in hosting the negotiations. Let the process begin!”
INVESTMENT IN U.S. STEEL:
Nippon Steel (NPSCY) plans to invest $14B in U.S. Steel’s (X) operations, including up to $4B in a new steel mill, if the Trump administration green lights its bid for the U.S. company, according to Reuters, citing a document and two people familiar with the matter. Under details of the plan included in the document, the company will invest $11B into U.S. Steel’s infrastructure through 2028, the news service stated.
DEEP-SEA MINING:
Shares of Metals Company (TMC) jumped after the Wall Street Journal reported that deep-sea mining has the backing of the Trump administration. In April, five days after Trump’s executive order was issued, Metals Company applied for permits to conduct deep-sea exploration and mining in the Clarion-Clipperton Zone, the Journal points out.
—
Originally Posted May 20, 2025 – Trump Trade: Conservatives fight to end IRA tax credits sooner
Disclosure: Interactive Brokers Third Party
Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from The Fly and is being posted with its permission. The views expressed in this material are solely those of the author and/or The Fly and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Join The Conversation
For specific platform feedback and suggestions, please submit it directly to our team using these instructions.
If you have an account-specific question or concern, please reach out to Client Services.
We encourage you to look through our FAQs before posting. Your question may already be covered!