Behind closed doors, Top CEOs say Trump is bad for business. No surprises, Trump can't expect every manufacturing industries to come to U.S, all need low cost affordable goods. Illegal tariffs can collapse anytime.👇
“If the U.S. government wants to help protect certain industries, they need to help those industries be successful. It is not just putting a bunch of tariffs in place and assuming those industries are going to get moved to the U.S. There have to be incentives … Consumers want products to be low-cost … power tools, hand tools, clothing, sneakers … Does it really make sense to be manufacturing all that in the United States? I do not believe it does. I believe there are certain industries where it does make sense … but it is not realistic to expect every industry in the world to be manufacturing products in the U.S. for the U.S.”- CEO of Major Manufacturing Industry.
Nearly three quarters of all executives surveyed said they the courts are correct in saying Trump’s tariffs are illegal as implemented. If the Supreme Court agrees, then corporate America’s plans will be thrown into disarray again amid halting uncertainty.
Another leading CEO in the manufacturing sector, whose products are primarily made in America, explained the kind of uncertainty is for their company: “Manufacturing has always been a big advantage for America. So, I think bringing back manufacturing is important. The administration has it right. We need a level playing field in the United States. But I am always worried about what the government is going to do next. It seems like the tariffs have simmered down, but in reality, where manufacturers import from is Mexico, Canada, and China. None of those trade deals is ever settled. So, if you want to make a change in your business, you recognize tariffs are going to change in 90 days or 120 days. And I don’t want to look like a fool! So, I’m going to hold back.”