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.”

  • kata1yst@sh.itjust.works
    32·
    2 days ago

    If only they could have known in advance that the man who constantly screamed that he was going to deport all the migrant workforce, fire most of the federal workforce, and slap tariffs on any country that refused to capitulate to his every whim would hurt the economy!

    • DarthFrodo@lemmy.world
      5·
      2 days ago

      I wonder if they were just too blinded by greed to act rationally or were under the impression that they can control Trump enough to keep the economy afloat.

      • rhombus@sh.itjust.works
        3·
        2 days ago

        Probably both. He promised tax cuts for the wealthy, and they thought he’d be easily manipulated like last time. Unfortunately for the rich his Russian handlers want the economy destroyed and they’re the only ones he’s beholden to.