Trump, a major proponent of tariffs, told the room full of business leaders that the duties he has already imposed are having a "tremendously positive impact."

His remarks came at the start of the quarterly meeting of the Business Roundtable, a nonpartisan Washington-based economic advocacy group comprising more than 200 CEOs with the following high profile members.

  • Apple CEO Tim Cook
  • JPMorgan Chase boss Jamie Dimon
  • GM chief Mary Barra
  • Walmart CEO Doug McMillon

The meeting came as financial markets continued their downward slide on Tuesday. The Dow Jones Industrial Average lost as much as 700 points before ending the trading day down 478 points, while the S&P 500 and Nasdaq also closed lower.

Much of Wall Street’s uncertainty has centered on Trump’s on-again, off-again tariffs on Canada and Mexico. But Trump has brushed off calls for clarity from the business community, as well as fears that his expanding tariff plans risk stoking an out-of-control trade war.

  • Remember_the_tooth@lemmy.worldEnglish
    3·
    1 day ago

    Heh, nonpartisan CEOs. Good one. Also, they could all be Democrats for all I care. The problem is the exploitation, regardless of political affiliation. Having said that, it’s pretty clear that one of these parties is not like the others (okay, yes, we only really get 2 under FPTP. Just let me have my bit). They’ve swapped sides before. They can do it again. Regardless, Megacorp CEOs are not our allies no matter what banners they wave.