this post was submitted on 16 Dec 2024
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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.

(page 2) 50 comments
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This is literally the most predictable outcome.

[–] cultsuperstar@lemmy.world 14 points 1 week ago

What are they expecting, exactly? Even Musk was saying a day before the election that Trump was going to tank the economy. I'm sure Trump will just say "things are going to get worse before they get better, but believe you me when they get better, you're all going to be filthy rich!" The typical Trump supporter will assume he's talking to them, but he'll only be talking to those who are already filthy rich.

[–] jimrob4@midwest.social 12 points 1 week ago (3 children)

Man... Side with Trump, side with CEOs. This is one of those "Can't both teams lose" situations. Ha

[–] Kongar@lemmy.dbzer0.com 11 points 1 week ago

Oh no! The leopards are eating faces! Who could have foreseen this?

[–] Quexotic@infosec.pub 10 points 1 week ago

Had to check whether this was posted in leopards ate my face or not. Lol

[–] Quexotic@infosec.pub 10 points 1 week ago (1 children)

A wave? Out at sea? Chance in a million!

  • the front fell off
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[–] Bosht@lemmy.world 10 points 1 week ago

Either Putin paid him more than the Corpos, or he owes Putin too much to turn around on it.

[–] rumba@lemmy.zip 10 points 1 week ago

Let's see, he could not impose tarrifs and make everyone happy that he's not going to burn down the economy OR he could impose tariffs, shut down taxes on the ultra-wealthy and embezzel/stock trade his ass back to billionaire with cash on hand.

he DGAF what anyone wants unless they're going to make him significantly richer.

[–] Frostbeard@lemmy.world 10 points 1 week ago (1 children)

Whats going to happen is what happened last time. Trump proposes tariffs on products from [industry]. Business leaders from said [industry] bends knee, kisses ring and ass, donates cash, and tariffs never materializes.

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[–] kmartburrito@lemmy.world 9 points 1 week ago
[–] youstolemyname@lemmy.world 8 points 1 week ago

Who could have possibly foreseen this?!

[–] 8000gnat@reddthat.com 8 points 1 week ago

I'm always scratching my head while also panicking

[–] nul42@lemmy.ca 7 points 1 week ago

Have they tried calling the CEO crises hotline?

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