Summary
Despite initial support from business leaders, many are expressing concerns about the economic outlook under Trump’s second term.
Executives from Ford, GM, ON Semiconductor, Point72, and Citadel have voiced frustration over the uncertainty created by Trump’s tariff policies, particularly their unpredictable implementation and exemptions.
Auto industry leaders warn that 25% tariffs on Canada and Mexico would devastate U.S. manufacturing. Other concerns include reduced immigration affecting labor force growth and DOGE’s federal workforce cuts.
The White House dismisses the concerns and defends Trump’s policies as "pro-growth.”
That’s all completely correct, but –
Isn’t it amazing that these “paragons of business” failed to recognize that Little t would be bad for their bottom line in October 2024? Because I sure the fuck did, and I am no “paragon of business.”
I’m starting to think CEOs and the ultra wealthy are fucking idiots who just got lucky.
Lucky by birth or lucky by happenstance or both.
Just wait till he starts picking single winners within each industry, and it’s not one of their companies. They’re all so shortsighted. Just like the SCOTUS. What use is a rubber stamp if you’re a totalitarian? None.
The CEOs are ultimately only employees. They do the bidding of the oligarchs and those are OK with overthrowing democracy.
It’s not uncommon for a CEO to be a major (if not primary) shareholder, as well as board chairperson.
They are the oligarchs.
Yup CEO’s work for the company. The board of directors are the significant owners in most cases.
CEOs* work for the company
this is faux outrage. they dont really care as when the crash hits, they can continue buying up everything at a reduced price.
this is theater to appease rednecks
A few will be able to buy up corporate assets from the many who end up being forced to sell low.