US business leaders remain silent on Trump and only consider speaking out when stocks plummet
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Golden Finance reported that unlike Trump's first term, current U.S. business leaders remain openly silent about the president's trade policy, despite expressing strong concerns in private. At the Yale CEO Caucus meeting, executives at the conference were shocked by the news that the Trump administration might double the steel and aluminum tariffs in Canada, but the CEOs avoided sharp questions in the business roundtable and Trump's Q&A session a few hours later.
Business leaders at Yale conference include JPMorgan Chase’s Jamie Dimon, Dell Technologies’ Michael Dell and Pfizer’s Albert Boulla. In an impromptu survey, 44% of CEOs said that only 20% of stock markets would collectively criticize presidential policies, another 22% believed that 30% of them would be necessary to show their position, and nearly a quarter of CEOs believed that public opposition to the government was not their duty.
According to former Medtronic CEO Bill George, many business leaders fear that public criticism would make themselves the target of the president's attack and prompted him to stick to the tariff agenda. Meanwhile, business outlook for the economy has become bleak, with the IACPA survey showing that the proportion of executives who expressed optimism about the U.S. economy fell from 67% in the fourth quarter of last year to 47% now. (Jin Shi)