Latest news with #Feastables'
Yahoo
09-04-2025
- Business
- Yahoo
YouTuber and entrepreneur MrBeast slams Trump's ‘brutal' tariffs
(The Hill) – Entrepreneur and YouTube star MrBeast slammed President Trump's 'brutal' tariffs in a post on the social platform X on Tuesday. 'Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' MrBeast, whose real name is Jimmy Donaldson, said in a thread on X, in reference to his line of 'Feastables' chocolate bars. China hits US, Trump with new 50 percent tariff, raising total to 84 percent Donaldson later added that his brand provides 'our farmers a living income' and works with 'fair trade certified beans, etc. so I was already spending a lot on cocoa.' 'A random price hike was pretty brutal [not going to lie,]' Donaldson continued. 'We'll figure it out. I feel for small businesses though. Could really be a nail in the coffin for them.' In the wake of Trump's tariff announcement last week, economic anxieties have heightened and markets across the globe have tanked. The president's tariff policy has also strained his relationship with congressional Republicans, with seven GOP senators recently signing on to a bill that would make the president notify Congress 48 hours ahead of fresh tariffs. Dave Portnoy, the founder of Barstool Sports and a fellow popular internet personality, also ranted about Trump during a livestream on Monday morning over losses the stock market faced due to the tariffs. (Portnoy has previously expressed support for the president.) After saying 'there's no political agenda' to his livestream, Portnoy told his viewers to brace for 'Orange Monday,' a reference to both Trump and the Black Monday stock market crash of 1987. 'Trump's tariff's have absolutely decimated the market,' he said shortly after the opening bell rung. 'And it's ugly.' The Hill has reached out to the White House for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Express Tribune
09-04-2025
- Business
- Express Tribune
MrBeast slams Trump's tariffs, says it's now cheaper to make Feastables chocolates outside of the US
YouTube megastar and entrepreneur MrBeast has voiced concern over Donald Trump's controversial new tariffs, warning they could spell trouble for small businesses — while ironically helping his own global chocolate empire. On Tuesday, MrBeast, whose real name is Jimmy Donaldson, called Trump's economic moves 'brutal' in a post on social media, revealing the impact on his snack brand, Feastables. 'Because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' he explained. Feastables' chocolate products are made in Peru by Machu Picchu Foods SAC, and global customers now enjoy cheaper prices due to countries avoiding the U.S. tariff. 'Other countries don't have a 20%+ tariff on our cogs [cost of goods sold],' he added, pointing out the irony that global sales may thrive more than domestic ones under the new rules. MrBeast emphasized his commitment to ethical production despite high costs. 'BTW we pay our farmers a living income, use fair trade certified beans, etc. so I was already spending a lot on cocoa. A random price hike was pretty brutal ngl. We'll figure it out.' However, he warned of a more severe impact on others. 'This could really be a nail in the coffin for [small businesses],' he said, highlighting the fragile position many entrepreneurs now face. Donaldson, 26, is one of the highest-paid digital creators globally, with an estimated annual income of $54 million, per Forbes. Since launching his content empire in 2012, he has built a following of over 230 million subscribers on YouTube and nearly 100 million followers on TikTok. While known for philanthropy and viral stunts — like giving away houses and dropping $20,000 from drones — MrBeast has expanded his empire into food, smartphone apps, and video game tournaments. His Feastables snack line, launched in 2022, includes chocolate bars, cookies, and gummies. MrBeast's criticism joins a chorus of business voices slamming Trump's tariff policies. Earlier this week, Barstool Sports founder Dave Portnoy also blasted the move, dubbing April 7 'Orange Monday' after claiming he lost 20 percent of his net worth. 'This is a decision that one guy made that crashed the whole stock market,' Portnoy said in a video rant. Despite the volatility, MrBeast remains focused on adapting. 'We'll figure it out,' he assured followers. For now, Feastables fans overseas may be enjoying a sweeter deal — even if the path to global success comes at a domestic cost.
Yahoo
09-04-2025
- Business
- Yahoo
YouTube entrepreneur MrBeast slams Trump's ‘brutal' tariffs
YouTube entrepreneur and star MrBeast slammed President Trump's 'brutal' tariffs in a post on the social platform X on Tuesday. 'Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' MrBeast, whose real name is Jimmy Donaldson, said in a thread on X, likely referencing his line of 'Feastables' chocolate bars. Donaldson later added that his brand provides 'our farmers a living income' and works with 'fair trade certified beans, etc. so I was already spending a lot on cocoa.' 'A random price hike was pretty brutal [not going to lie,]' Donaldson continued. 'We'll figure it out. I feel for small businesses though. Could really be a nail in the coffin for them.' In the wake of Trump's tariff announcement last week, economic anxieties have heightened and markets across the globe have tanked. The president's tariff policy has also strained his relationship with congressional Republicans, with seven GOP senators recently signing onto a bill that would make the president notify Congress 48 hours ahead of fresh tariffs. Donaldson's fellow internet personality Dave Portnoy, who has previously talked positively about the president, also slammed Trump on Monday over losses the stock market faced due to Trump administration tariffs. 'Welcome to Orange Monday,' Portnoy said a few minutes prior to markets opening on a financial livestream show, adding 'there's no political agenda to this.' The Hill has reached out to the White House for comment. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
08-04-2025
- Automotive
- The Hill
Musk spars with Trump trade adviser in escalating tariff spat
The Big Story Tech billionaire Elon Musk called President Trump's trade adviser Peter Navarro 'truly a moron' Tuesday, escalating their spat over the administration's import taxes. © AP 'Navarro is truly a moron. What he says here is demonstrably false,' Musk wrote on the social platform X in response to a video of Navarro discussing Tesla's assembly process for its electric vehicles. Navarro, in the CNBC interview, claimed Musk's Tesla is not a 'car manufacturer,' but rather a 'car assembler' that puts together parts from other countries. Tesla, led by Musk, has long touted itself as a leader in U.S. domestic production. The company produces all of its North American vehicles in the U.S. at factories in California and Texas, though some of its parts come from outside the country. Musk pushed back on Navarro's claims, stating Tesla 'has the most American-made cars.' 'Navarro is dumber than a sack of bricks,' he added, writing later, 'By any definition whatsoever, Tesla is the most vertically integrated auto manufacturer in America with the highest percentage of US content. Navarro should ask the fake expert he invented, Ron Vara.' Trump's 25 percent auto tariff went into effect April 2 as part of his larger trade war. The president argues the tariffs will encourage foreign car manufacturers to move production into the U.S. and add American jobs. Despite Tesla's focus on U.S. production, the company still took a hit amid the global market rout, with its stock falling 19 percent since last week's tariff announcement. Tesla previously warned it could be further exposed to retaliatory tariffs should other countries respond to Trump's tariffs. The White House dismissed concerns about the tension, calling it an example of transparency from the Trump administration. 'These are obviously two individuals who have very different views on trade and tariffs. Boys will be boys, and we will let their public sparring continue,' White House press secretary Karoline Leavitt said during Tuesday's briefing with reporters. 'You guys should all be very grateful that we have the most transparent administration in history.' Read more in a full report at Welcome to The Hill's Technology newsletter, we're Miranda Nazzaro and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will be impacting the tech sector now and in the future: YouTube entrepreneur MrBeast slams Trump's 'brutal' tariffs YouTube entrepreneur and star MrBeast slammed President Trump's 'brutal' tariffs in a post on the social platform X on Tuesday. 'Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' MrBeast, whose real name is Jimmy Donaldson, said in a thread on X, likely referencing his line of 'Feastables' chocolate bars. Donaldson later added that his brand provides … Democrats demand information from Microsoft, Google on AI deals A pair of Senate Democrats are calling on Microsoft and Google to share more information on their separate partnerships with artificial intelligence (AI) companies, expressing concerns the collaborations could violate antitrust laws. In letters sent Monday, Sens. Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.), wrote to the leaders of Google and Microsoft — two cloud service providers — requesting additional information on … Mark Cuban: Tariffs, DOGE cuts could result in 'far worse situation than 2008' Billionaire investor Mark Cuban predicted the United States economy would be in a 'far worse situation than 2008' if President Trump's tariffs stay in place and Elon Musk's Department of Government Efficiency (DOGE) continues to make steep cuts to the federal budget. 'If the new tariffs stay in place for multiple years, and are enforced and inflationary, and DOGE continues to cut and fire, we will be in a far worse situation … The Refresh News we've flagged from the intersection of tech and other topics: Crypto Corner DOJ crypto enforcement unit disbanded © AP Photo/Mark Schiefelbein, File Welcome to Crypto Corner, a daily feature focused on digital currency and its outlook in Washington. The Trump administration has disbanded the National Cryptocurrency Enforcement Team (NCET), marking the latest shift in policy away from the Biden-era's hardline approach toward the digital assets space. Deputy Attorney General Todd Blanche wrote in a memo Monday that the NCET will be 'disbanded effective immediately' and instructed prosecutors to instead focus on immigration and procurement fraud. In the memo, Blanche accused the Biden administration of pursuing a 'reckless strategy of regulation by prosecution' and said the changes were made to comply with President Trump's executive order on crypto. The move aligns with the Trump administration's changes in other agencies, like the Securities and Exchange Commission (SEC). In February, the SEC launched a Cyber and Emerging Technologies Unit (CETU), aimed at fighting cyber-related misconduct and protecting retail investors. Over the past three years, the group was called 'Cyber Unit,' then it went by 'Crypto Assets and Cyber Unit' before taking the new name of 'Cyber and Emerging Technologies Unit,' with no mention of crypto in the title. In Other News Branch out with other reads on The Hill: White House dismisses Musk, Navarro fight: 'Boys will be boys' The White House dismissed concerns about the expletive-laden fighting between tech billionaire Elon Musk and White House trade advisor Peter Navarro over tariffs, calling it an example of transparency from the Trump administration. 'These are obviously two individuals who have very different views on trade and tariffs. Boys will be boys, and we will let their public sparring continue,' White House press secretary … What Others are Reading Two key stories on The Hill right now: Judge orders Trump White House to restore AP access A federal judge on Tuesday ordered the Trump administration to restore The Associated Press's access to key White House spaces after it exiled … Read more Grassley says Congress 'delegated too much authority to the president' on trade Sen. Chuck Grassley (R-Iowa), who co-sponsored bipartisan legislation to limit President Trump's trade authority, said Tuesday that he thinks Congress … Read more Opinions Opinion related to tech submitted to The Hill: You're all caught up. See you tomorrow! Thank you for signing up! Subscribe to more newsletters here
The Hill
08-04-2025
- Business
- The Hill
YouTube entrepreneur MrBeast slams Trump's ‘brutal' tariffs
YouTube entrepreneur and star MrBeast slammed President Trump's 'brutal' tariffs in a post on the social platform X on Tuesday. 'Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America,' MrBeast, whose real name is Jimmy Donaldson, said in a thread on X, likely referencing his line of 'Feastables' chocolate bars. Donaldson later added that his brand provides 'our farmers a living income' and works with 'fair trade certified beans, etc. so I was already spending a lot on cocoa.' 'A random price hike was pretty brutal [not going to lie,]' Donaldson continued. 'We'll figure it out. I feel for small businesses though. Could really be a nail in the coffin for them.' In the wake of Trump's tariff announcement last week, economic anxieties have heightened and markets across the globe have tanked. The president's tariff policy has also strained his relationship with congressional Republicans, with seven GOP senators recently signing onto a bill that would make the president notify Congress 48 hours ahead of fresh tariffs. Donaldson's fellow internet personality Dave Portnoy, who has previously talked positively about the president, also slammed Trump on Monday over losses the stock market faced due to Trump administration tariffs. 'Welcome to Orange Monday,' Portnoy said a few minutes prior to markets opening on a financial livestream show, adding 'there's no political agenda to this.'
