Trump is tightening the screws on corporate America -- and CEOs are staying mum
(NPR) Corporate America doesn't want to fight with President Trump in public. But as a result, it's ceding him an unprecedented amount of control over the shape and future of U.S. business.
In the past week, the president has turned up the heat on big companies and their CEOs to an extent that is unprecedented even by Trump's norms-shattering standards. He has publicly attacked companies and their executives throughout his political career but now he's demanding firings of executives who aren't even household names, such as a corporate economist at Goldman Sachs.
On Monday, Trump announced an extraordinary deal for the U.S. government to take a 15% share of Nvidia's H20 chip sales in China as a condition for easing restrictions to allow the chip to be sold there. Then his Treasury secretary, Scott Bessent, on Wednesday said the administration may ask other companies for similar payments in the future.
https://www.npr.org/2025/08/14/nx-s1-5501591/trump-corporate-america-capitalism

LymphocyteLover
(8,719 posts)Irish_Dem
(74,519 posts)Everyone lets him do it.
Congress and the Courts are getting their cut of the crime profits.
kacekwl
(8,562 posts)considered anything but extortion by the president of the United States ? Same with Harvard and other schools. Obviously not about principles because all legal issues and funding taken away are dismissed if payment (bribe) is made to trump. Instead of this being daily news the victims will bend the knee and pay.
usonian
(20,355 posts)"How Big Tech is paying its way out of Trump's tariffs"
Cook and friends are so far up Trump's ass that he'll burp them out any moment.
https://www.cnbc.com/2025/08/13/nvidia-amd-and-apple-big-tech-is-paying-its-way-out-of-trump-tariffs.html
In just the last few days, the White House confirmed that two U.S. chipmakers, Nvidia
and Advanced Micro Devices
, would be allowed to sell advanced chips to China in exchange for the U.S. government receiving a 15% cut of their revenues in the Asian country.
Apple
CEO Tim Cook, meanwhile, recently announced plans to increase the firms U.S. investment commitment to $600 billion over the next four years. The move was widely seen as a bid to get the tech giant out of Trumps crosshairs on tariffs and appears to have worked for now.
