Trump Trade: White House weighs fast tracking deep-sea mining

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:

DEEP-SEA MINING: The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations, Reuters’ Ernest Scheyder and Jarrett Renshaw report. If signed, the order would mark U.S. President Donald Trump’s latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy after recent efforts in Greenland and Ukraine. Trump earlier this month also invoked emergency powers to boost domestic minerals production, the authors note. Shares of The Metals Company (TMC) have jumped in afternoon trading following the news. Other publicly traded companies in the space include Glencore (GLNCY) and Commercial Metals (CMC). 

AUTO TARIFFS: U.S. car makers are lobbying the Trump-led White House to exclude certain vehicle parts from tariffs as part of efforts to influence such tariffs before they begin taking effect later this week, Bloomberg’s Keith Naughton, David Welch, and Jennifer Dlouhy report, citing people familiar with the matter. Ford (F), GM (GM), and Stellantis (STLA) are now aiming to avoid paying the additional taxes on thousands of parts they source globally, including from Mexico, the authors say, noting that they have met with the White House, the Commerce Department, and U.S. Trade Representative about the matter. 

TICKET SCALPING: President Trump last night signed an Executive Order “to protect fans from exploitative ticket scalping and bring commonsense reforms to America’s live entertainment ticketing industry.” The order directs the Federal Trade Commission to work with the Attorney General “to ensure that competition laws are appropriately enforced in the concert and entertainment industry.” The order directs the Secretary of the Treasury and Attorney General to ensure that ticket scalpers are operating in compliance with the Internal Revenue Code and other applicable law. Publicly traded companies in the space include Vivid Seats (SEAT) and Live Nation (LYV).

LUNCHEON AHEAD OF TIKTOK BAN: Triller Group (ILLR) is set to participate in an exclusive luncheon at President Donald Trump’s Palm Beach, Florida club Mar-a-Lago. Triller Group CEO Wing Fai Ng and CFO Mark Carbeck will represent the company at this gathering. The luncheon presents a strategic opportunity for Triller to connect with new investors, forge key relationships, and explore potential growth avenues ahead of the impending TikTok ban, currently slated for April 5, 2025. As the company continues to expand its influence in the digital and creator-driven economy, securing strong partnerships remains a top priority.