Top Trump Aide Helped Don Jr.-Linked Company Land Massive Federal Loan
A Pentagon official said the White House told them they “have to get this done.”

A top White House adviser intervened to send a massive defense loan to a company linked to Donald Trump Jr., ProPublica reported Thursday.
In November, the Pentagon announced a $620 million loan to Vulcan Elements, a start-up manufacturer of rare earth elements. Just three months earlier, Don Jr.’s venture capital firm 1789 Capital had purchased a large stake in the company. When the Defense Department deal first came together, those involved were quick to deny allegations of political favoritism.
But in fact, the deal was reportedly the work of the White House.
The massive loan was personally directed by Peter Navarro, a White House adviser who is also a friend of the president’s son, according to interviews and DOD records obtained by ProPublica. Of the many companies being considered to receive funding, Vulcan was the only one that garnered the attention of one of the president’s top aides, one Pentagon official told ProPublica.
Defense officials were instructed to move at a rapid pace to see that the loan was processed, and it went through within a matter of weeks, according to another Pentagon official who spoke to ProPublica. “The call came from the White House: We have to get this done,” the person said.
Navarro and Don Jr. are chummy. The president’s son visited Navarro in prison, and he was one of the few people listed in the dedication of Navarro’s latest book, I Went to Prison So You Won’t Have To. A week before the Vulcan deal was officially announced, Don Jr. hosted Navarro on his streaming show and urged viewers to buy the book.
A spokesperson for Don Jr. told ProPublica that the president’s son had not discussed his work with federal employees and “has no knowledge about how this deal came together.” A spokesperson for 1789 Capital said it played no role in securing the deal. The White House claimed that the administration, including Navarro, was “working together and with private industry to secure America’s critical mineral supply chain at Trump Speed.”
The massive loan is part of a push by the Office of Strategic Capital to secure a tighter grip on rare earth metals, the same kind used to build the Tomahawk missiles that will need to be replaced after Donald Trump’s onslaught against Iran.
This isn’t the first time the president’s son has directly financially benefited from his father’s office, but it’s the first time the White House has directly intervened to make it happen.
Eric and Don Jr. won a government contract of an unknown value after they merged their publicly traded golf course holding company with Powerus, a Florida-based drone company, with the goal of filling the gaps left by the Trump administration’s ban on Chinese drones. The brothers also co-founded World Liberty Financial, a decentralized finance platform that has attracted the financial interest of foreign investors who then benefited from Trump’s policy changes.









