Well fancy that
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American business leaders are turning on Trump — fast
THE SCENE
“A difficult time to invest.”“Everybody’s paralyzed.”
“I’m sorry I can’t be particularly positive.”
“The chaos that is reigning right now is causing everyone to sit on their hands.”
That’s Citadel CEO Ken Griffin, ON Semiconductor CEO Hassane El-Khoury, Franklin Templeton CEO Jenny Johnson, and Nasdaq Private Market CEO Tom Callahan on the world of Donald Trump right now. Their comments over the past week capture a growing disquiet among business leaders, a month into a presidency that many of them had cheered.
“What decision do you make? Do you want to go left or right?” El-Khoury told Semafor in an interview this week. “Are we going to grow the business? Well, I don’t know. Are there tariffs or not?” (Since that interview, Trump threatened to double his own proposed 10% tariffs on China and put a 25% levy on European goods.)
https://www.semafor.com/article/02/27/2025/american-business-leaders-are-turning-on-trump-fast
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Long ago, in a galaxy far far away, someone wrote a paper arguing that business uncertainty surrounding the tariff discussions in 1928-29 had a meaningful effect on business investment, helping cause the recession of 1929. We know where that went.
https://onlinelibrary.wiley.com/doi/abs/10.1002/j.2325-8012.1998.tb00108.x
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Long ago, in a galaxy far far away, someone wrote a paper arguing that business uncertainty surrounding the tariff discussions in 1928-29 had a meaningful effect on business investment, helping cause the recession of 1929. We know where that went.
https://onlinelibrary.wiley.com/doi/abs/10.1002/j.2325-8012.1998.tb00108.x
@Piano-Dad said in Well fancy that:
Long ago, in a galaxy far far away, someone wrote a paper
eta: Bill Maher just made the same point on Fareed Zakaria's show this morning!
