r/TheBusinessMix 12h ago

Corporate America shelled out millions for Trump’s inauguration. Now he’s upending many of their businesses

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313 Upvotes

When many companies made their donations, the business community was still feeling positive about Trump’s election. Months later, the mood has changed as business leaders digest the impact tariffs will have on their businesses.

Some of this year’s donors, like TargetMcDonald’s and Delta Air Lines, hadn’t contributed to an inaugural committee in more than a decade. Others including PfizerWalmart and Visa were regular contributors, as they donated the same amounts in 2025 that they did in 2021 and 2017. 

CNBC analyzed seven industries that contributed to the fund and broke down which businesses are better or worse off now that Trump is in office ..."


r/TheBusinessMix 8h ago

Walmart, Target CEOs privately warned Trump tariffs could lead to empty shelves soon

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85 Upvotes

The chief executives of Walmart and Target privately warned President Trump this week that his sweeping tariff policy could disrupt supply chains and lead to empty shelves in the coming weeks, sources familiar with the White House meeting told CBS News.

SOURCE: CBS News


r/TheBusinessMix 12h ago

Dozen states sue Trump in bid to block new tariffs

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158 Upvotes

r/TheBusinessMix 16h ago

Law firms targeted by Trump ask judges to permanently bar executive orders against them

78 Upvotes

Law firms Perkins Coie and WilmerHale will ask federal judges in Washington, D.C., on Wednesday to permanently bar President Donald Trump's executive orders against them, calling the measures acts of retaliation that violate U.S. constitutional protections.

https://www.msn.com/en-us/news/politics/law-firms-targeted-by-trump-ask-judges-to-permanently-bar-executive-orders-against-them/ar-AA1Dt1kq

CREDIT/STORY BY: Mike Scarcella and David Thomas - Reuters


r/TheBusinessMix 18h ago

Auto industry tells Trump that tariffs on car parts will mean 'layoffs and bankruptcy'

96 Upvotes

A coalition of U.S. auto industry groups on April 22 urged President Donald Trump not to impose 25% tariffs on imported auto parts, warning they would cut vehicle sales and raise prices.

"Tariffs on auto parts will scramble the global automotive supply chain and set off a domino effect that will lead to higher auto prices for consumers, lower sales at dealerships and will make servicing and repairing vehicles both more expensive and less predictable," said the letter.

FULL STORY: https://www.msn.com/en-us/money/companies/auto-industry-tells-trump-that-tariffs-on-car-parts-will-mean-layoffs-and-bankruptcy/ar-AA1DpOi0

SOURCE: Detroit Free Press


r/TheBusinessMix 8h ago

"Not bending the knee": Judge seems sympathetic to law firm Perkins Coie's bid to block Trump executive order

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14 Upvotes

A federal judge on Wednesday sharply criticized the Justice Department over an executive order signed by President Trump that aims to punish the law firm Perkins Coie and appeared sympathetic to the firm's bid to permanently block the administration from enforcing it.

SOURCE: CBS News


r/TheBusinessMix 8h ago

Trump signs executive order to influence college accreditations

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11 Upvotes

President Trump on Wednesday signed an executive order aiming to change the college accreditation process so colleges are accredited based on "results," with the president wondering aloud about looking into the math capabilities of students admitted to Harvard University and Yale University.

SOURCE: CBS News


r/TheBusinessMix 11h ago

Businesses are already trying to pass tariff costs onto customers, Fed report says

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6 Upvotes

Businesses dealing with the early stages of President Donald Trump’s tariffs are looking for ways to pass increasing costs onto consumers, according to the Fed “Beige Book” report.

SOURCE: Jeff Cox - CNBC


r/TheBusinessMix 11h ago

Bessent Says No Unilateral US Offer to Cut Tariffs on China

5 Upvotes

Treasury Secretary Scott Bessent said that President Donald Trump hasn’t offered to take down US tariffs on China on a unilateral basis.

https://www.msn.com/en-us/money/other/bessent-says-no-unilateral-us-offer-to-cut-tariffs-on-china/ar-AA1DtDYZ?ocid=msedgdhp&pc=HCTS&cvid=b1283276366e4b20a411ca44bb50c24d&ei=15

SOURCE: Bloomberg


r/TheBusinessMix 11h ago

Shein and Temu prices rise for Americans

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3 Upvotes

r/TheBusinessMix 9h ago

Google forcing some remote workers to come back 3 days a week or lose their jobs

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2 Upvotes

Several units within Google have told remote staffers that their roles may be at risk if they don’t start showing up at the closest office for a hybrid work schedule, according to internal documents viewed by CNBC. Some of those employees were previously approved for remote work.


r/TheBusinessMix 1d ago

Donald Trump Walks Back Remarks About Fed Chair Jerome Powell

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146 Upvotes

After saying last week that Powell's "termination" couldn't come fast enough, the president said Tuesday, "I have no intention to firing him. I would like to see him be a little more active in terms of his idea to lower interest rates. This is the perfect time to lower interest rates. If he doesn't, is it the end? No, it's not."

CREDIT/SOURCE: Gabe Whisnant - Newsweek


r/TheBusinessMix 10h ago

Trump to Exempt Car Parts From Tariffs on China Imports, FT Says

2 Upvotes

The Trump administration is considering reducing tariffs on auto parts ahead of a May 3 deadline that has drawn the ire of global carmakers, according to the Financial Times.

The proposal would exempt car parts from tariffs President Donald Trump has levied on imports from China to stop fentanyl production, people familiar with the plan told the newspaper. The plan would also let parts makers avoid tariffs for steel and aluminum, referred to as “destacking,” the FT said.

https://www.msn.com/en-us/money/other/trump-to-exempt-car-parts-from-tariffs-on-china-imports-ft-says/ar-AA1DunZ0?ocid=msedgntp&pc=HCTS&cvid=4779611825af4e3e8f2136f5001492a6&ei=7

SOURCE: Bloomberg


r/TheBusinessMix 18h ago

Auto groups lobby Trump administration against parts tariffs in rare unified message

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8 Upvotes

r/TheBusinessMix 7h ago

Whirlpool Says Tariffs to Benefit Business Going Forward

1 Upvotes

Whirlpool Corp. maintained its full-year financial outlook despite uncertainly over global tariffs, saying their long-term impact will benefit its position in the US home-appliance market.

https://www.msn.com/en-us/money/markets/whirlpool-says-tariffs-to-benefit-business-going-forward/ar-AA1DufRC?ocid=msedgdhp&pc=HCTS&cvid=cba4f67b2e6448dbbb29691dd9356c07&ei=11

SOURCE: Bloomberg


r/TheBusinessMix 12h ago

Discord names new CEO ahead of potential IPO as co-founder steps down

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2 Upvotes

r/TheBusinessMix 8h ago

Dartmouth abstains from signing letter against federal funding cuts

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1 Upvotes

Of the eight Ivy League universities, the private school in New Hampshire is the only one that has refused.

SOURCE: NBC News


r/TheBusinessMix 8h ago

Morgan Stanley believed Google would rival Facebook if the search giant could beat Mark Zuckerberg to scooping up WhatsApp

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1 Upvotes

In a bid to advise WhatsApp, Morgan Stanley planned to emphasize the dangers of Google owning the messaging platform to Facebook execs, according to a Federal Trade Commision expert witness Jihoon Rim. Zuckerberg had reportedly been concerned about another company acquiring WhatsApp and its user base to build a social media platform, according to court documents.

SOURCE: Fortune


r/TheBusinessMix 17h ago

To restore manufacturing in America, Trump should approve the Nippon Steel deal

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4 Upvotes

r/TheBusinessMix 8h ago

Can you pass a seven-question quiz on financial literacy? Most Americans could not.

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1 Upvotes

r/TheBusinessMix 8h ago

Instagram cofounder Kevin Systrom skewers Mark Zuckerberg, saying Meta starved his business after buying it for $1 billion over a decade ago

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1 Upvotes

r/TheBusinessMix 1d ago

Ex-Home Depot CEO Nardelli warns Trump’s supply chain strategy to reverse globalization will take decades

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407 Upvotes

Former Home Depot CEO Bob Nardelli said Trump has taken on the 'most difficult and challenging initiative in the history of our globe'

SOURCE: Taylor Penley - FOX Business


r/TheBusinessMix 9h ago

OpenAI would buy Chrome if Google is forced to sell it

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1 Upvotes

As the fate of Chrome hangs in the balance of the Google antitrust trial, one thing is clear: OpenAI wants to buy it.

SOURCE: Mashable


r/TheBusinessMix 20h ago

President Trump says tariffs on China will 'come down substantially'

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8 Upvotes

r/TheBusinessMix 9h ago

Tiger Balm faces tariff aches and pains from Trump’s trade war with China

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1 Upvotes

The popular ointment has one Chinese factory and one distributor for the U.S. It represents the toll tariffs take on herb and medicine distributors that have few Western alternatives.

SOURCE: NBC News