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.
Just increase taxes on the wealthy…
All tariffs will do is put the additional costs onto the working class.
Working as intended.
I’d be happy paying higher taxes if they went towards things that benefit the community, like universal health care, improving quality of public education, etc.
You’ve got my vote. (I’m not actually allowed to vote in the US election)