Business | Schumpeter

Are there any business winners in Trump 2?

No, definitely not Tesla

Illustration of a Trump looking figure walking away from a US flag that he has just painted gold. The paint is already cracking.
Illustration: Brett Ryder

THE ROSE GARDEN is a bucolic place. On April 2nd it was the scene of a massacre. Just after 4 o’clock President Donald Trump walked out of the White House and swung a hammer at the global trading system. He announced sweeping reciprocal tariffs against all of America’s biggest trading partners. Companies around the world are scrambling to respond. American ones have PTSD.

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This article appeared in the Business section of the print edition under the headline “Ungilded”

Business

April 5th 2025

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