Kelly Ann Shaw Discusses the Trump Administration’s New U.S. Equity Stakes with CNBC

October 13, 2025

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Akin lobbying & public policy partner and former senior Trump administration trade official Kelly Ann Shaw appeared on CNBC’s “Worldwide Exchange” to examine the Trump administration’s strategy as new U.S. equity stakes in several companies signal a shift from traditional subsidies to direct ownership.

As these deals unfold, Kelly Ann tells CNBC that she will be watching closely to see whether:

  • The government is requiring offtake agreements.
  • If it is becoming involved in the nitty-gritty of the business.
  • If this approach will distort markets or help where there has been a downfall in some critical supply chains.

“This is mostly about correcting market failures,” she says. “We don’t know how it’s going to play out, but it is a policy choice that the government is making.”

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