Despite panic-selling on Wall Street due to President Trump's aggressive tariffs, corporate leaders uphold a calm public demeanor. CEOs like David Solomon from Goldman Sachs praise Trump for engaging with the business community while acknowledging a desire for lower tariffs. The stock market has seen steep losses, partially attributed to Trump's erratic tariff strategies and dismissive comments on recession risks. While some CEOs express mild concerns regarding uncertainty and economic weakening, they maintain a measured optimism about the administration's direction.
"The business community understands what the president is trying to do with tariffs," Goldman Sachs CEO David Solomon told Fox News on Wednesday.
"There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," the president told Fox News in an interview that aired Sunday.
"Uncertainty is not a good thing," JPMorgan Chase CEO Jamie Dimon remarked at a conference hosted by the publication Semafor.
Larry Fink, who runs investment giant BlackRock, stated that "the economy is weakening as we speak."
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