- cross-posted to:
- news
- cross-posted to:
- news
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.”
Yeah sure, after they all voted for him, and probably love the tax cuts for the rich and corporate entities.
They want to crash the market so they can buy everything up at a huge discount.