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.”

  • Xanthobilly@lemmy.world
    55·
    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.