American CEOs are concerned about Trump’s new chaotic tariffs: NPR

Wall Street is the sale of panic over President Trump’s new chaotic tariffs. Business leaders are reportedly making frantic calls to the White House. And on Tuesday, the country’s best CEOs were filled with a closed-door meeting with Trump-setting a record for participation.

However, in public, American corporate leaders are remaining calm – and even optimistic.

“The business community understands what the president is trying to do with the tariffs,” Goldman Sachs David Solomon told Fox News on Wednesday.

Solomon admitted that companies “always” want the lowest tariffs. But he was also careful to start his comments by praising Trump about “engaged with the business community” – unlike, he added, the administration Biden.

Goldman Sachs General Director was talking a day after Trump met with him and other members of the Business Roundtable, an influential CEO group. The meeting followed two days sharp losses in the US stock market, in a sale of $ 4 trillion (and onwards), largely ignited by Trump’s words and actions: Since the beginning of Mars, Trump has implemented a host of new steep tariffs, has turned some of them and destroyed their concerns about their economic impact.

When asked about the possibility of a recession, Trump withdrew – in a response that sparked this week’s market riots.

“There is a transition period because what we are doing is great. We are bringing wealth to America,” President Fox Business Network told an interview that broadcast Sunday.

By the middle of the week, a small portion of the most powerful CEOs had begun to express concern-but even then, only in very gentle terms.

“Uncertainty is not a good thing,” Jpmorgan Chase, Jamie Dimon, who runs the country’s largest bank, organized by trafficking in trafficking, said Wednesday.

And Larry Fink, who runs the Blackrock investment giant, told CNN that “the economy is weakening as we talk”.

However FRINK was also quick to add that Trump administration policies “can be highly productive for the United States” in the long run.

A White House spokesman on Thursday repeated his statement about NPR from the beginning of this week.

“President Trump kept historic work, salary and increased investment in his first mandate, and is set to do so again in his second term,” the White House spokesman Desai e -mail.

Why do America’s business leaders involved in delicate diplomacy

Careful rhetoric of America’s corporations – even as many major companies require the impact of market instability and tariffs – illustrates the delicate diplomacy in which business executives are trying to engage. They mainly welcome Trump’s other economic promises – including lower taxes and fewer rules.

Business leaders also see limited benefits to criticizing the president in public, experts say. This is a noticeable contrast from Trump’s first term, when some CEO publicly resigned from the White House advisory counsel to protest the treatment of the president of Racist violence in Charlottesville, VA.

But eight years later, the America Corporation is much less willing to include public conversations about politics – or “social” issues that companies do not see as directly related to their lower lines.

Today, they are more focused on the potential financial heights of Trump’s new mandate. The President actively interested the business interests during his campaign – and at the beginning, the Corporate America seemed excited with the election results. CEO’s confidence increased to a three -year high last month, according to the quarterly Board of Conference Board survey of the largest companies.

Now Trump’s detention fee policies seem to be complicating the economic perspective of many companies. But business executives are trying to avoid increasing the financial panic of investors, according to Anna Tavis, who heads the New York University’s capital management department and talks to leaders across the corporate America.

She points out that part of the work of a CEO is to design confidence – in their companies, in markets and in the wider economy.

“They have no control over what the government will do, no matter how they feel,” Tavis says.

And, she adds: “Of course, they want to be on the winning side of whatever happens.”

80% of CEOs are “apologizing to our international partners”

After the scenes, the conversation is more honest. CEO “are very discouraged,” says Jeffrey Sonnenfeld, an associate dean at Yale Management School, who organized a meeting of CEO on Tuesday.

80% of those CEOs say “they find themselves apologizing from our international partners for Trump’s capital,” Sonnenfeld said to the NPR edition on Thursday.

And, he added, “approximately 70% said the Trump administration would be bad for the economy.”

These numbers are a sharp contrast to the rarest findings of the Conference Board last month. He regularly polls the heads of the largest US companies, and she completed her latest survey on February 10 – after Trump had announced for the first time, then delayed for the first time, his 25% fees against Mexico and Canada.

“I know that people were surprised that we saw this increase in CEO’s confidence at the time when tariffs can [start to] Have a negative impact on the economy, ”said Stephanie Guichard, an old economist on the conference board, told her last week.

Many of the CEO surveyed at the end of January and the beginning of February told the Conference board that they are concerned about fees, she added. But at the time, business leaders said they were more focused on other, friendly promises of Trump’s business, including deregistration and lower taxes.

However, Guichard is curious to see what CEO tells the Conference Board in two months, when the other polls American business leaders.

“Many can happen from now and May,” she says.