Kiss the ring: The Economist sums up Trump's new relationship with American business

Republican president-elect Donald Trump acknowledges the crowd during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City.
Joe Raedle | Getty Images

The Economist's front cover this week took a stab at summing up President-elect Donald Trump's emerging strategy for dealing with U.S. businesses.

On Thursday, the magazine tweeted a picture of its new cover, which shows a minuscule man with a briefcase looking up toward a much larger, unsympathetic-looking Trump.

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The Economist piece points out that "... Mr. Trump's approach is worrying. Unlike the Depression, when Hoover and then Roosevelt got companies to act in what they (often wrongly) saw as the national interest; or 2009, when Mr Obama corralled the banks and bailed out Detroit, America today is not in crisis. Mr Trump's meddling is thus likely to be the new normal."

In recent weeks, Trump has lashed out at corporate America via Twitter, calling them out for not keeping enough jobs in the U.S. or for continuing operations he deemed too expensive. He took Boeing's Air Force One program to task for "doing a number" on the cost of replacing two presidential airplanes. On Wednesday, Trump used Twitter to slam a union chief who criticized the president-elect.

In an interview on NBC's "Today Show," Trump defended his Twitter use, saying he is "very restrained."

Once president, Trump says he will prioritize the American worker as well as slash regulations, cut taxes and increase infrastructure spending.

On Thursday, Trump named CKE Restaurants CEO Andy Puzder as his pick to run the Labor Department.