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.
We probably could ramp up some production here to survive this. But for it to actually work the way it’s proposed the general population will need to give up certain luxuries that are only available via import. And I can’t see that ever happening. The average American isn’t going to sacrifice anything for the greater good.