Summary
U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.
According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.
While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.
The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.
Business leaders in the last decade or 2 have increasingly been laser focused on nothing beyond the next 6 months - AKA short term returns.
The long term survival of their business or what has happened in previous years are simply not part of their thought process when the next quarter’s profits are all that matters.