Former US trade chief Lighthizer resigns from Trump Media board
March 6 (Reuters) - Former United States trade representative Robert Lighthizer resigned from Trump Media & Technology Group's board of directors, effective Friday, an SEC filing showed.
During U.S. President Donald Trump's first term, Lighthizer played a crucial role as trade chief in the imposition of hefty tariffs on Chinese imports and the renegotiation of the North American Free Trade Agreement, or NAFTA, with Mexico and Canada.
His departure from the board and its committees was not due to any disagreements with the company's management or the board, the filing said.
Founded by Trump and known for its Truth Social platform aimed at conservative audiences, TMTG has struggled to scale its media business amid competition from larger social networks and uneven user growth.
TMTG has been considering spinning off Truth Social into a publicly traded company.
In a strategic pivot in December, the company agreed to merge with California-based TAE Technologies in an all-stock deal valued at over $6 billion, shifting its focus to fusion energy and forming a publicly traded company developing utility-scale power plants to meet rising electricity demand, including from AI data centers.
(Reporting by Anhata Rooprai in Bengaluru; Editing by Alan Barona)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst Breaks Down Theory On BlackRock’s XRP Play
Falling energy availability per person is the most significant challenge facing the world

Stevanato Group Caught in the Crossroads of Upward Trends and Downward Momentum
Best Meme Coins to Hold Long Term? 4 Cult Favorites With 500% Upside Potential This Month
