As the country begins to feel the effects of his trade policies, some executives are pessimistic about Trump's economic agenda.

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.”

  • Nougat@fedia.io
    110·
    2 days ago

    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.”

    • Xanthobilly@lemmy.world
      55·
      2 days ago

      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.

        • CileTheSane@lemmy.ca
          7·
          2 days ago

          I think it takes a certain kind of idiot to want to be obscenely wealthy.

          For example: look at Trump and Musk. For all their grifting do they actually seem happy? They are spending so much time and energy on their bullshit when Trump would rather be golfing and Musk would rather be playing video games.
          They could both just do that. They have more than enough money to never work another day yet they are desperately trying to increase their Capitalism High Score and have the admiration of the public.

          So it takes a certain kind of idiot to have that much wealth and keep working for more, and the world is full of idiots. Some small % of them get lucky and fail their way to success, and people fail to notice the “Survivor’s bias” of the whole thing.

    • originalucifer@moist.catsweat.com
      141·
      2 days ago

      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

    • Bakkoda@sh.itjust.worksEnglish
      2·
      2 days ago

      They simply assumed they were exempt or could become exempt for a donation. I still think it’s the plan.

    • Diplomjodler@lemmy.world
      34·
      2 days ago

      The CEOs are ultimately only employees. They do the bidding of the oligarchs and those are OK with overthrowing democracy.