"By the numbers: 71% of the CEOs said tariffs were harmful to their businesses. 74% said that the courts were correct to find that the Trump's tariffs are illegal as executed. 80% said that the president was not acting in the country's best interest by pressuring Fed chair Jerome Powell to cut interest rates. 76% said that Health Secretary Robert Kennedy Jr. is putting U.S. public health at risk."
"The big picture: The business community, long supportive of the Republican party, has been hesitant to speak up about any of these concerns in public. 'They're all afraid of being marginalized' by the White House, says Jeffrey Sonnenfeld, a management professor at Yale who organized the event. Though back in Trump's first term, many did challenge the president - particularly around immigration policy. 'You wonder what the tipping point is now?'"
Seventy executives who attended a Yale School of Management CEO Caucus in Washington, D.C. were surveyed about White House policies, though respondent identities remain unknown. Seventy-one percent said tariffs harmed their businesses; 74% said courts were correct to find the president's tariffs illegally executed; 80% said presidential pressure on Fed Chair Jerome Powell to cut rates was not in the country's best interest; and 76% said Health Secretary Robert Kennedy Jr. is putting U.S. public health at risk. The survey preceded a surprise executive order imposing a $100,000 H-1B visa fee. Many business leaders expressed reluctance to speak publicly, fearing marginalization by the White House.
Read at Axios
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