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.
His entire first administration was a series of such fuckups. I am not hopeful that consequences (for him) are ever coming.