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Some experts say his interventionist approach to The affairs of companies belonging to investors represent something new – at least in the American government, although academics say that it has echoed in the approaches observed in China, post -war Europe and Singapore.
“In an American context, he is unprecedented in modern history,” said Ryan Bourne, president of the Cato Institute, a libertarian reflection group. Although Trump did not hesitate to use his intimidator chair to harangus companies during his first mandate, said Bourne, cutting specific agreements that pay the government directly, calling for the eviction of specific CEOs and dictating how companies should fix the prices show that Trump has made his desire to intervene.
“These are no longer so many free markets,” said Bourne. “These are costs.”
The stock market also seems to be happy. The large S&P 500 index continued to establish records, bouncing after a rapid drop in Trump’s first major tariff announcement in April.
Even some of Trump’s opponents see the appeal and potential of his efforts.
“I am incredibly disagreement with the guy on almost all problems,” said a progressive strategist, who spoke under the cover of anonymity to offer a frank assessment of Trump’s strategy. “He shows the power of the American presidency and the power of the bitch of intimidation. Because it is not even he who adopted legislation on this kind of thing or sign decrees. He is tweetering. And it is not so different from the pulpit used by FDR and Teddy Roosevelt.”
This person criticized Trump as Concentrate simultaneously on your own enrichment As president, including through newly formed cryptographic companies. But this person added that Democrats could withdraw a page from Trump’s strategy with regard to businesses in the future and “adapt to the evolution of the presidency”.
“I don’t think he really takes (societies), but if you want to do it, there is now a precedent, and Democrats should do so and not only use the pulpit, but take measures if necessary,” said this person. “You can’t go back to normal after that.”
Trump’s direct interventions have accelerated recently. On Monday, he said he had entered into an agreement with NVIDIA flea manufacturers – the most precious company in the world – and the DMA to share a percentage of tokens that they sell to China with the US government.
“I only care about the country,” said Trump on Monday about the agreement. “I don’t care about myself. And (the CEO of Nvidia, Jensen Huang), said, “Would you do 15? So we negotiated a small agreement. »»
Nvidia and AMD did not directly confirm the agreement, but declared in statements that they hoped to rekindle sales in China.
Trump also obtained one “Gold share»For the United States as part of A merger agreement Between us, Japanese steel and conglomerate, Japanese. An American representative Steel did not respond to a request for comments.
The conglomerates of the Disney and Paramount media have also made strategic financial decisions to earn a more favorable treatment of Trump and his administration. In December, barely a few weeks before it took office, ABC, a Disney company, set a defamation trial that Trump brought against $ 15 million on inaccurate comments made by George Stephanopoulos anchor.
Last month, Paramount, the parent company of CBS, agreed to pay $ 16 million to settle a separate trial on “60 minutes” “of an interview with vice-president Kamala Harris during the 2024 presidential electoral season. The regulations occurred only a few days before the Trump administration approached Paramount with Skydance Media.
If there were implicit threats involved in obtaining these companies to accept the arrangements, Trump did not take explicit warnings either. Last week, he called for the ouster of Lip-Bu Tan, the CEO of the Intel fleas manufacturer, for allegations that he was too close to China, which caused a last minute visit to the White House. It seemed to work: Monday, Trump seemed to be reversed, calling the career of Tan “an incredible story” and saying that his cabinet and his tan plan to bring “suggestions” not specified to Trump on how to move forward. Tuesday, he was already aiming for another company, calling the head of Goldman Sachs To dismiss his chief economist Due to the drop in the company on its prices.
Two months after Trump threatened to impose prices on Apple products if he continued to get their supplies from India, CEO Tim Cook visited the Oval Office last week to promise billions of additional investments in the United States and give Trump a Gold plated glass sculpture.
An Apple spokesperson did not respond to a request for comments.
The decline in Trump’s efforts was light. Some Hawks of Gop China joined the Democrats By attacking the NVIDIA and AMD agreement, while senator Elizabeth Warren, D-MASS., called for an investigation In the Paramount regulations with Trump.
But the threat of being publicly attacked by Trump, mid-term in a year, threw a veil on most of the Republicans who may have been inclined to brake executive powers-and have now seen enthusiastic supporters of Trump evincing a growing cast of former moderate colleagues.
The fear of Trump’s reprisals has also expanded to companies themselves, which seem to make strategic decisions to give up any type of judicial dispute to its methods.
This is a short -term calculation that can preserve the value of short -term shareholders. But in the longer term, the experts say, it degrades the global commercial climate.
“Where he can drive is companies, rather than focusing on value creation, now seek to play more and more politicians,” said Bourne, of the Cato Institute. “And when you have more specific to business and industry -specific offers, you end up with a very complex tax and regulatory code. This makes the economy much less effective.”
But the current political and legal climate can mainly dictate the decisions of companies to comply with Trump for them, said Jeffrey Gordon, professor of law at the University of Columbia specializing in constitutional and transactional law. Any attempt at dispute would prove time and could disrupt commercial decisions, he said-with a result far from some given the favorable decisions of the Supreme Court on the executive authority of Trump.
“You have a president who has unknown limits on his authority and an appetite for the battle – the thing easy to do is to yield,” said Gordon, “that’s what we see.”
