Summary
U.S. CEOs and business executives are alarmed as Donald Trump remains firm on imposing high tariffs on U.S. allies, despite warnings from economists about potential economic harm.
According to the Wall Street Journal, Trump’s late-night social media announcements have blindsided both his advisers and business leaders, leaving them scrambling to react.
While Trump consults some advisers, like Marco Rubio and Treasury pick Scott Bessent, his unilateral approach limits their influence.
The uncertainty has left business leaders struggling to find ways to alter his stance on trade policies.
The owners of what? Everything in the US is going to skyrocket in price. If they’re a domestic company then their inputs are going to kill them.
The Peter Theils, the Blackrocks, various equity firms.
Just like wall street doesn’t mirror main street, crashing economies can be quite profitable if you’re in the right industry.
I see you’re talking about them buying everything they can. That’s going to be kind of hard when the stock market crashes though. While it can remain irrational, it cannot ignore companies collapsing.
John Pauson, Pauson & Co.
Made billions during '07-08