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Factbox-Before Goldman Sachs, which CEOs drew Trump's ire?
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Factbox-Before Goldman Sachs, which CEOs drew Trump's ire?
Aug 12, 2025 12:33 PM

(Reuters) -U.S. President Donald Trump on Tuesday criticized Goldman Sachs ( GS ) CEO David Solomon for the bank's take on the potential impact of tariffs on the economy, as the president's tiff with corporate America's bigwigs widens.

Trump had last week demanded that Intel's ( INTC ) CEO Lip-Bu Tan resign immediately in what was a rare presidential attempt to determine who leads a company, and the president has been vocal about his complaints concerning corporate policies and operations since he took office in January. 

Here are some prominent CEOs and businesses that Trump has publicly criticized:

DAVID SOLOMON, CEO, GOLDMAN SACHS ( GS )

Trump criticized Solomon in a post on Truth Social. Goldman Sachs Economics Research in a note published on August 10 said that U.S. consumers had absorbed 22% of tariff costs through June and their share will rise to 67% if the recent levies follow the same pattern as the earliest ones.

However, Trump responded that it was mostly "companies and governments, many of them foreign, picking up the tabs", and that "David Solomon and Goldman Sachs ( GS ) refuse to give credit where credit is due."

LIP-BU TAN, CEO, INTEL ( INTC )

Trump's demand for the Intel ( INTC ) CEO's departure came after Reuters reported exclusively in April that Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms, some of which were linked to the Chinese military.

"The CEO of INTEL ( INTC ) is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump said in a post on his Truth Social platform.

Tan responded to Trump late on Thursday, saying he shared the president's commitment to advancing U.S. national and economic security and that the Intel ( INTC ) board was "fully supportive of the work we are doing to transform our company."

ELON MUSK, CEO, TESLA

The billionaire tech CEO spent hundreds of millions of dollars supporting Trump's re-election, a move investors who bid up Tesla stock expected to benefit Musk's empire.

Trump and Musk, however, had a falling out early in June after Musk criticized Trump's sweeping tax-cut and spending bill, because it is projected to increase federal debt.

Trump responded to Musk's attack on Truth Social, threatening to cut federal subsidies and contracts to Musk's companies and saying the billionaire "just went CRAZY" after losing the EV mandate in the bill.

By early July, Trump messaged, "Perhaps we should have DOGE take a good, hard, look at (Musk's contracts)?" Days later, Musk announced the formation of a centrist America Party. The President responded to Musk's move, calling him a "train wreck."

ADRIAN MARDELL, FORMER CEO, JAGUAR LAND ROVER

Trump criticized Jaguar's rebranding effort in August, calling the campaign "woke" and "stupid," and linking it to the departure of the company's CEO. 

The remarks from Trump came as the British carmaker, now owned by India's Tata Motors, announced the retirement of CEO Adrian Mardell, who spent more than three decades at the company.

Jaguar last year unveiled a new logo and visual identity as part of a broader brand refresh aimed at repositioning itself as an all-electric automaker, a move that drew sharp online backlash and criticism from brand loyalists.

TIM COOK, CEO, APPLE ( AAPL )

Trump has repeatedly targeted Apple ( AAPL ) and its boss, Cook, for making U.S.-sold iPhones outside the country and has threatened company-specific tariffs. 

In May, Trump recalled after a meeting in the Qatari capital Doha, that he had confronted Cook about shifting production to India, amid the company's plans to make most of its iPhones sold in the U.S. at factories in India by the end of 2026. 

Trump had said in a social media post that he told Cook "long ago" that "I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else."

Trump threatened Apple ( AAPL ) in May with a 25% tariff on products manufactured overseas. Apple ( AAPL ) is already reeling from Trump's tariff war, warning that tariffs would add $1.1 billion in costs in the July-September quarter after costing the company $800 million in the June quarter.

Earlier this week, though, Trump announced Apple ( AAPL ) would invest an additional $100 billion in the U.S., raising Apple's ( AAPL ) total domestic commitment to $600 billion over the next four years. Cook also gave Trump a U.S.-made souvenir with a 24-karat gold base.

JEFF BEZOS, CEO, AMAZON.COM ( AMZN )

Trump called Bezos in April to complain about a news report that said the company planned to display prices showing tariffs' impact on ecommerce giant Amazon.com ( AMZN ).

However, Amazon ( AMZN ) said it had only briefly considered listing import charges for some goods in April following Trump's tariff announcement but dropped the plan as the White House accused the company of a "hostile political act."

Trump later told reporters that Bezos had solved the problem "very quickly" and was "very nice."

BRIAN MOYNIHAN, CEO, BANK OF AMERICA ( BAC )

JAMIE DIMON, CEO, JPMORGAN CHASE ( JPM )

Trump alleged BofA CEO Brian Moynihan and JPMorgan Chase ( JPM ) CEO Jamie Dimon discriminated against him and his supporters.

In January, Trump accused both Moynihan and Dimon of not providing banking services to conservatives, echoing Republican complaints about the industry.

"What you're doing is wrong," Trump said, in a video address at the World Economic Forum in Davos, Switzerland. Trump did not cite evidence or specifics of any wrongdoing, in a question-and-answer session with corporate leaders and CEOs assembled on stage.

He also referenced JPMorgan's ( JPM ) Dimon. "You and Jamie and everybody, I hope you're gonna open your bank to conservatives."

Trump said in an interview with CNBC earlier in August, "When I called him (Moynihan) after I was president to deposit a billion dollars plus and a lot of other things, more importantly, to open accounts, he said, 'We can't do it. No, we can't do it.'"

Both lenders have denied the allegations of "debanking" on multiple occasions.

DOUG MCMILLON, CEO, WALMART ( WMT )

Trump said in May that Walmart ( WMT ) and China should "eat the tariffs" and not burden American shoppers, after Walmart ( WMT ) CEO Doug McMillon said the retailer could not absorb all tariff-related costs because of narrow retail margins.

"Walmart ( WMT ) should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart ( WMT ) made BILLIONS OF DOLLARS last year, far more than expected," Trump said in a social media post.

While Trump did not call out McMillon personally, he publicly criticized Walmart ( WMT ) for attributing its price hikes in May to tariffs imposed by his administration. 

(Reporting by Deborah Sophia, Juveria Tabassum, Niket Nishant, Shivansh Tiwary and Savyata Mishra in Bengaluru; Editing by Anil D'Silva and Sriraj Kalluvila)

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