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.”

  • SpaceRanger13@lemm.eeEnglish
    144·
    2 days ago

    ONLY because it impacts their bottom line. Not because they think any of his other policies are insane. Not gutting the government healthcare programs, not firing veterans and other federal workers, not his immigration policies, and definitely not the traitor trying to align the US with Russia.

    • Nougat@fedia.io
      109·
      2 days ago

      That’s all completely correct, but –

      Isn’t it amazing that these “paragons of business” failed to recognize that Little t would be bad for their bottom line in October 2024? Because I sure the fuck did, and I am no “paragon of business.”

      • Xanthobilly@lemmy.world
        54·
        2 days ago

        Just wait till he starts picking single winners within each industry, and it’s not one of their companies. They’re all so shortsighted. Just like the SCOTUS. What use is a rubber stamp if you’re a totalitarian? None.

          • CileTheSane@lemmy.ca
            7·
            2 days ago

            I think it takes a certain kind of idiot to want to be obscenely wealthy.

            For example: look at Trump and Musk. For all their grifting do they actually seem happy? They are spending so much time and energy on their bullshit when Trump would rather be golfing and Musk would rather be playing video games.
            They could both just do that. They have more than enough money to never work another day yet they are desperately trying to increase their Capitalism High Score and have the admiration of the public.

            So it takes a certain kind of idiot to have that much wealth and keep working for more, and the world is full of idiots. Some small % of them get lucky and fail their way to success, and people fail to notice the “Survivor’s bias” of the whole thing.

      • originalucifer@moist.catsweat.com
        141·
        2 days ago

        this is faux outrage. they dont really care as when the crash hits, they can continue buying up everything at a reduced price.

        this is theater to appease rednecks

      • Bakkoda@sh.itjust.worksEnglish
        2·
        2 days ago

        They simply assumed they were exempt or could become exempt for a donation. I still think it’s the plan.

      • Diplomjodler@lemmy.world
        34·
        2 days ago

        The CEOs are ultimately only employees. They do the bidding of the oligarchs and those are OK with overthrowing democracy.

  • 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.

  • Lasherz@lemmy.worldM
    8·
    2 days ago

    These are the same idiots that claim capitalism in America is merit based. This was all obvious long in advance, and they sit here with their surprise Pikachu faces like the rest of the chronically uninformed rubes.

  • Gointhefridge@lemm.ee
    7·
    2 days ago

    This is literally the only thing that could turn the tide on trump. Fuck with people’s money and they will find a way to gut you.

    Edit: the people here being the CEOs.

    • KevinW23@lemmy.world
      2·
      2 days ago

      That’s just in general too. Once the checks stop coming in, that’s when people will start wanting answers.