and raised fears of higher prices and

Some companies followed suit by eliminating their DEI goals, prompting Pride organizations to sever ties.San Francisco’s organizers cut ties with Meta after the parent company of Facebook and Instagram

and content moderation policies.Twin Cities Pride ended its relationship with Target over the Minneapolis-based retailer’s curtailing of its DEI initiatives following a backlash from conservatives and the White House. The company’s retreat from DEI policies led to aannounced in May that sales fell more than expected in the first quarter due to customer boycotts, tariffs and other economic factors. The company now offers only some Pride products at a few stores and online.

Still, Rick Gomez, Target’s chief commercial officer, told reporters in May that it’s important to celebrate Heritage Months, which highlight different groups from Latinos to Asian Americans to the LGBTQ+ community.“They drive sales growth for us,” he said.

First-time donations from individuals, foundations and local businesses have increased following corporate America’s retreat.

In Minneapolis, a crowdfunding campaign by Twin Cities Pride to fill a $50,000 funding gap raised more than $89,000.Shoppers walk near a Nike store in Beijing, China, Tuesday, April 8, 2025. (AP Photo/Ng Han Guan)

“If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,” China’s Ministry of Commerce said before announcing its latest tariff hike.In Washington, White House press secretary Karoline Leavitt said: “When you punch at the United States of America, President Trump is going to punch back further.”

The United States sent a record $199 billion in exports to China last year, while China exported $463 billion in goods and services to the United States, third behind Mexico and Canada, according to the U.S. Commerce Department.Top U.S. exports to China in 2024 included soybeans, aircraft, pharmaceuticals and semiconductors. In the other direction, mobile phones, computers, toys and clothing were among major imports from China. The manufacturing giant was the top source of U.S. imports as recently as 2022 but it has lost ground to America’s neighbors amid heightened tensions with the United States.