The Washington PostDemocracy Dies in Darkness

Backlash to riot at Capitol hobbles Trump’s business as banks, partners flee the brand

January 12, 2021 at 8:09 p.m. EST
The Trump International Hotel, at 1100 Pennsylvania Ave, NW, in Washington. (Jonathan Newton/The Washington Post)

In November — as President Trump began his effort to overturn the election he had lost — his longtime friend Tom Barrack called him with advice: Stop, for the sake of your business.

The Trump Organization was already struggling, hurt by political backlash and coronavirus-related closures, facing huge unpaid loans. Barrack told Trump that he could help that business — as well as his aides, and the country itself — by ensuring a peaceful transition, according to a person familiar with the conversation.