Lawmakers of both major parties denounced Trump for encouraging a large group of his supporters to march on the Capitol during a joint session of Congress, where protesters descended into a violent mob — and five people died.
On Wednesday,Trump was impeached, for the second time, for inciting an insurrection against the government. Depending on the outcome of his Senate trial, he may be barred from ever holding federal office again.
His Trump Organization and his campaign have witnessed the fallout, too, seeing several of their business contracts terminated in recent days.
Below, a look at which companies and organizations have ended their financial relationship with Trump amid the fallout from the chaos and destruction.
Donald Trump.Erin Schaff - Pool/Getty
New York City
On Wednesday, Mayor Bill de Blasio announced that New York City would be “severing all contractswith the Trump Organization.”
“Our legal team has done an assessment and the contracts make very clear: if a company [or] leadership of a company is engaged in criminal activity, we have the right to sever that contract. Inciting an insurrection … against the United States government clearly constitutes criminal activity,” the mayor said in aninterview on MSNBC.
De Blasio said the Trump Organization currently gets $17 million a year from the New York City contracts.
Jack Dorsey (left) and President Donald Trump.Phillip Faraone/Getty; Tasos Katopodis/Getty
Social Media Sites
Facebook announced that Trump would be banned until at least theend of his term, while Twitter banned Trump from its platform indefinitely (though he can still tweet via the official White House account).
Ina 13-tweet threadpublished on Wednesday, Twitter CEO Jack Dorseydefended the decision, while noting that he felt the move sets a “dangerous” precedent for a “free and open global internet.”
On Tuesday, YouTubesuspendedTrump’s ability to post content and comment to the video-sharing platform for at least seven days. The site also announced it had removed a video for violating its policies, though it did not note which video.
“After review, and in light of concerns about the ongoing potential for violence, we removed new content uploaded to Donald J. Trump’s channel for violating our policies,” astatementfrom YouTube said. “It now has its 1st strike & is temporarily prevented from uploading new content for a minimum of 7 days.”
Financial Institutions
Deutsche Bank reportedly said on Tuesday that it wouldno longer lendto Trump’s company, but would continue to monitor his payment of existing loans. The president reportedly owes Deutsche Bank approximately $340 million.
Bloomberg News reportedthat Professional Bank, a Florida-based institution that once gave Trump an $11 million mortgage, had also cut ties with him.
“Professional Bank has decided not to engage in any further business with the Trump Organization and its affiliates, and will be winding down the relationship,” the bank said in a statement.
Trump National Golf Club in Bedminster, N.J.Drew Angerer/Getty
PGA
The PGA of America announced on Sunday that the 2022 PGA Championship would no longer be held at Trump National Golf Club in Bedminster, New Jersey.
“The PGA of America Board of Directors voted tonight to exercise the right to terminate the agreement to play the 2022 PGA Championship at Trump Bedminster,” PGA President Jim Richerson said in a statement.
Hours after the PGA announced its decision, the R&A, a U.K. organizer of golf tournaments, announced it wouldnot considerTrump’s Scotland resort, Turnberry, for the British Open for the “foreseeable future.”
Those decisions were said to have left the president “gutted,” according toTimesreporter Maggie Haberman.
Payment Processing Companies
Online payment processing firms Shopify and Stripe alsocut ties(at least partially) with the Trump company in recent days.
TheWall Street Journalreported thatStripe—which previously handled card payments for the Trump campaign website, including its online fundraising efforts — attributed its decision to Trump having violated the company’s policy against activities that encourage or promote violence.
TheJournalnoted, however, that the financial tech company still processes payments for intermediaries that route donations to the Trump campaign.
Just one day after the riots, Shopify pulled all of its online stores related to either the Trump campaign or Trump’s personal brand, TrumpStore. In a statement toTechCrunch, the company said it “does not tolerate actions that incite violence.”
The Trump Organization’s Response
The Trump Organization did not respond to PEOPLE’s requests for comment regarding the severed contracts, though the president’s son,Eric Trump, told the Associated Press in a phone interview this week that the cancellations are the result of “cancel culture.”
“We live in the age of cancel culture, but this isn’t something that started this week,” Eric said. “It is something that they have been doing to us and others for years. If you disagree with them, if they don’t like you, they try and cancel you.”
Eric, who currently runs the Trump Organization along with his brotherDonald Trump Jr., spoke dismissively about the impact of the past week on the company’s future business dealings, telling the AP: “[Trump] created the greatest political movement in American history and his opportunities are endless.”
source: people.com
