Andrew here. As President Trump heads to Alaska on Friday to meet with President Vladimir Putin of Russia, we take a look at some of the negotiating points that may arise — and affect business.
We’re also thinking about reports that the U.S. may take a direct stake in Intel. It would be relatively unprecedented. On one side, the federal government has already given Intel an extraordinary amount of money in the form of subsidies via the Chips Act. On the other, making the government a shareholder raises all sorts of questions about the kind of free-market capitalism that the U.S. has been trying to export around the world.
What could it mean for the way our trading partners approach the U.S.? Will they become more protectionist and push for more of their own national champions? Or is this just a way to extract something from a struggling company?
What’s at stake
Heading into Friday’s summit meeting with President Vladimir Putin of Russia, President Trump has been trying to temper expectations. There’s a “25 percent chance this meeting will not be a successful meeting,” he told Fox News Radio on Thursday.
But the stakes couldn’t be any bigger. It is the first face-to-face meeting between the heads of the two global powers since Russia’s 2022 invasion of Ukraine, which upended global energy markets and prompted bruising Western sanctions on Moscow.
The Kremlin-controlled media has already spun the talks as a public relations coup for Putin, a conclusion that President Volodymyr Zelensky of Ukraine regrettably shares. The hastily arranged talks have flabbergasted Europe. The Russian allies China, India and Brazil — weighed down by Trump’s tariffs — and the multinationals who operate in those countries will be closely watching, too.
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The post What Business Will Be Watching For in the Trump-Putin Talks appeared first on New York Times.
