In a recent gathering of the Business Roundtable (BRT), CEO Solomon expressed a cautious optimism regarding the Trump administration's engagement with the business sector. He noted a desire for lower tariffs and specific regulatory actions to stimulate economic growth. Despite underlying uncertainties, members of BRT maintain a long-term perspective on capital spending and consumer activity. Treasury Secretary Scott Bessent communicated a commitment to revitalizing U.S. capital markets while acknowledging the frustrations some CEOs have with current trade policies, suggesting a complex relationship with the administration's economic direction.
The business community is always going to want lower tariffs ... everywhere in the world," Solomon told Fox Business' Maria Bartiromo on Wednesday. "At the moment, there is some uncertainty - the market is digesting that."
Solomon, whose firm manages or supervises trillions of dollars in assets, praised the administration for being "engaged with the business community. ... That's a different experience than what we've had over the course of the last four years."
One CEO in the room for Trump's remarks told Mike: "Let's slow down and have a little perspective. We may not like how fast this is going, and have real concerns. But let's play a long game."
Treasury Secretary Scott Bessent spoke to BRT on Wednesday, emphasizing the Trump administration's commitment to reinvigorating U.S. capital markets and stock-launch (IPO) activity, and the importance of making Trump's tax cuts permanent.
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