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Welcome to today's podcast. We're diving into the growing discontent among CEOs regarding President Trump's trade policies. As tariffs loom large, executives are urging the president to negotiate a deal before the situation escalates into a full-blown economic crisis.
Goldman Sachs CEO David Solomon expressed concerns, stating, "the policy actions to date have raised the level of uncertainty to a degree I do not think is healthy for investment and growth." This sentiment marks a stark departure from the optimism seen when Trump took office, where CEOs anticipated tax cuts and deregulation.
Recent warnings from leaders, including Walmart and Target, have highlighted how these tariffs could disrupt supply chains, leading to empty store shelves. Virgin Group's Richard Branson called for a change in course, stating, “the administration needs to own up to a colossal mistake.”
Chamber of Commerce CEO Suzanne Clark voiced similar fears, painting a grim picture for small businesses: “many...will suffer irreparable harm.” With a survey showing 67% of CEOs against Trump’s tariff agenda, and CEO confidence at its lowest since 2012, it's clear that the calls for action are growing louder.
Stay tuned as we cover how these developments unfold and their implications for the economy.
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