Behind closed doors, top CEOs say Trump is bad for business
4 hours ago
- #Trump policies
- #economic impact
- #CEOs
- Top CEOs, primarily Republicans, express growing concerns about Trump's policies and their impact on business.
- CEOs at the Yale Chief Executive Leadership Institute forum criticized Trump's tariffs, stating they harm businesses and consumers.
- Business leaders worry Trump is undermining the U.S. economic system for short-term gains, hollowing out foundations and institutions.
- Two-thirds of surveyed CEOs said U.S. tariffs harmed their businesses, with costs shared between firms and consumers.
- CEOs highlighted the uncertainty and instability caused by Trump's policies, affecting investment and long-term planning.
- Many CEOs believe Trump's actions, like pressuring the Fed and market interventions, resemble state-driven capitalism, not free-market principles.
- CEOs expressed concerns about the U.S. losing its competitive edge globally, with China benefiting from U.S. policy instability.
- There was widespread disapproval of Trump's foreign policy, with relations with Russia and Ukraine seen as worsening.
- CEOs called for a return to balanced governance, international alliances, and respect for independent expertise.
- The sentiment among CEOs aligns with broader public disapproval of Trump's leadership, with low approval ratings.