American business leaders are turning on Trump — fast

[鬼百合]

American business leaders are turning on Trump — fast

Biden-era regulations are still standing, and new ideologically driven crackdowns and market-roiling policies are being piled on. The MAGA vibes are fading.

www.semafor.com

“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.)

CEO optimism is fading as Trump pushes ahead with trade restrictions, while business-friendly deregulation has yet to materialize. US consumer confidence in January recorded its biggest one-month decline since November 2023. The US stock market, long Trump’s preferred proxy for economic might, is lower than it was before his inauguration, trailing major indexes in Europe, China, Mexico, and Canada — all targets of the president’s planned tariffs.

Microsoft — whose CEO, Satya Nadella, joined the post-election pilgrimage to Mar-a-Lago — is calling on the White House to ease export limits on AI chips to allied or neutral countries. Chevron may lose a lucrative drilling concession in Venezuela over Trump’s immigration spat with that country’s strong-arm leader.

Trump’s picks to run key regulatory agencies, including those overseeing antitrust and the airwaves, appear likely to continue Biden-era enforcement priorities while adding new ideologically driven crackdowns and corporate purity tests. His pick to run the Federal Trade Commission, Andrew Ferguson, reaffirmed tough merger guidelines put in place by his predecessor, Lina Khan, which will do little for M&A, already off to its slowest start in a decade.

The Trump administration sued last month to block HPE’s takeover of Juniper, and said in a court filing last week that it’s unlikely to settle a lawsuit brought by the Biden administration seeking to block a travel-software merger.

“There isn’t a serious CEO in America who would prefer the disastrous, negative-growth policies of the previous administration over the pro-growth, low-tax, and low-regulation policies of President Trump,” White House spokesman Harrison Fields said. “In just four weeks, more than $1 trillion in private investment has flowed back into our country, and that’s a direct result of the Trump Effect, which is laying out the welcome mat for investment.”

Corporate executives making decisions on multiyear timeframes are struggling to decide whether to take Trump seriously, literally, or neither, and plan for a future after 2028. “You can’t move a factory overnight,” El-Khoury said. “It takes four years to build a fab.”

Onsemi gets about one-third of its revenue each from the US, Japan, and China, where half of its buyers are companies assembling cars or phones there for export. “Do you ignore it?” he said of Trump’s tariff threats, which expanded Wednesday to include a proposed 25% levy on European goods. “Or do you start doing scenario planning? That takes a lot of time and bandwidth.”

 

[Walt]

“A difficult time to invest.”

This is not the time to build a new factory. Best to keep your powder dry so to speak. trump is changing trade policy every couple of hours, and so making investment that needs a decades long understanding of trade policy is impossible.

This will lead not just to a recession, but to a long term drag on growth. Those are just the facts.

 

[Earl]

This is not the time to build a new factory. Best to keep your powder dry so to speak. trump is changing trade policy every couple of hours, and so making investment that needs a decades long understanding of trade policy is impossible.

This will lead not just to a recession, but to a long term drag on growth. Those are just the facts.

A few weeks old but:

A new poll by Harvard CAPS-Harris reveals the majority of the country backs President Donald J. Trump and his actions to bring much-needed reforms that are making America great again.

• Americans overwhelmingly support President Trump’s agenda.
  • 81% support deporting criminal illegal immigrants.
  • 76% support a “full-scale effort to find and eliminate fraud and waste in government.”
  • 76% support closing the border with additional security and policies.
  • 69% support keeping men out of women’s sports.
  • 68% support government declaring there are only two genders.
  • 65% support ending race-based hiring in government.
  • 63% support “freezing and re-evaluating all foreign aid expenditures and the department that handled them.”
  • 61% support reciprocal tariffs.
  • 60% support direct U.S. negotiations with Russia to end the war in Ukraine.
  • 59% support cutting government spending already approved by Congress.
  • 57% support ending the ban on new offshore drilling.
• Most Americans approve of President Trump’s job performance — including pluralities of men, women, independents, and Americans who live in urban, suburban, and rural areas — while almost six-in-ten say he’s doing a better job than President Biden.
• Almost half of Americans believe the U.S. economy is “strong” under President Trump — the highest number since 2021 — while a plurality say his policies will make them “financially better off.”
• Americans are significantly more optimistic about the direction of the country, with those who say we’re on the right track up 14 points over last month.
• Americans strongly support President Trump’s effort to root out waste, fraud, and abuse in government.
  • 77% support a “full examination of all government expenditures.”
  • 72% agree there should be a government agency “focused on efficiency.”
  • 70% say government is “filled with waste, fraud, and inefficiency.”
  • Two-thirds say Congress should join the “effort to reduce government expenditures.”
• Americans back President Trump’s action to protect American workers.
  • 61% support reciprocal tariffs.
  • 57% say tariffs are an “effective foreign and economic policy tool.”
  • 54% say tariffs will help get “concessions from other countries.”
• President Trump, Vice President JD Vance, Secretary of Health and Human Services Robert F. Kennedy, Jr., Director of National Intelligence Tulsi Gabbard, and Attorney General Pam Bondi all enjoy net positive favorability.

 

[Stone]

A few weeks old but:

A new poll by Harvard CAPS-Harris reveals the majority of the country backs President Donald J. Trump and his actions to bring much-needed reforms that are making America great again.

• Americans overwhelmingly support President Trump’s agenda.
  • 81% support deporting criminal illegal immigrants.
  • 76% support a “full-scale effort to find and eliminate fraud and waste in government.”
  • 76% support closing the border with additional security and policies.
  • 69% support keeping men out of women’s sports.
  • 68% support government declaring there are only two genders.
  • 65% support ending race-based hiring in government.
  • 63% support “freezing and re-evaluating all foreign aid expenditures and the department that handled them.”
  • 61% support reciprocal tariffs.
  • 60% support direct U.S. negotiations with Russia to end the war in Ukraine.
  • 59% support cutting government spending already approved by Congress.
  • 57% support ending the ban on new offshore drilling.
• Most Americans approve of President Trump’s job performance — including pluralities of men, women, independents, and Americans who live in urban, suburban, and rural areas — while almost six-in-ten say he’s doing a better job than President Biden.
• Almost half of Americans believe the U.S. economy is “strong” under President Trump — the highest number since 2021 — while a plurality say his policies will make them “financially better off.”
• Americans are significantly more optimistic about the direction of the country, with those who say we’re on the right track up 14 points over last month.
• Americans strongly support President Trump’s effort to root out waste, fraud, and abuse in government.
  • 77% support a “full examination of all government expenditures.”
  • 72% agree there should be a government agency “focused on efficiency.”
  • 70% say government is “filled with waste, fraud, and inefficiency.”
  • Two-thirds say Congress should join the “effort to reduce government expenditures.”
• Americans back President Trump’s action to protect American workers.
  • 61% support reciprocal tariffs.
  • 57% say tariffs are an “effective foreign and economic policy tool.”
  • 54% say tariffs will help get “concessions from other countries.”
• President Trump, Vice President JD Vance, Secretary of Health and Human Services Robert F. Kennedy, Jr., Director of National Intelligence Tulsi Gabbard, and Attorney General Pam Bondi all enjoy net positive favorability.

Exactly. The left is primarily made up of a bunch of lazy entitled dumb fucks. The ass paddling they will be receiving will do them some good. And if it doesn't? Then life will be MUCH harder on them. One way or the other,....I don't really care which.

 

[Tbird19482]

This is not the time to build a new factory. Best to keep your powder dry so to speak. trump is changing trade policy every couple of hours, and so making investment that needs a decades long understanding of trade policy is impossible.

This will lead not just to a recession, but to a long term drag on growth. Those are just the facts.

Trump keeps saying he wants US companies to bring back manufacturing back to the USA then he puts ridiculously high tariffs on steel and other building materials , Yes they can " Buy American " but the US steel industry and building material industry will be raising their prices ( and pad their bottom line ) , Yes they will be lower then the imports but the prices will still be going up and US manufactures don't have billions of dollars just sitting around that they can just use to build new infrastructure.
New plants will take years to build and in the mean time we all will be hurt by Trumps tariffs.

 

[Walt]

Trump keeps saying he wants US companies to bring back manufacturing back to the USA then he puts ridiculously high tariffs on steel and other building materials , Yes they can " Buy American " but the US steel industry and building material industry will be raising their prices ( and pad their bottom line ) , Yes they will be lower then the imports but the prices will still be going up and US manufactures don't have billions of dollars just sitting around that they can just use to build new infrastructure.
New plants will take years to build and in the mean time we all will be hurt by Trumps tariffs.

As businesses adjust to trump's ever changing rules, they are taking a wait and see stance. This is destroying our economy. Even if he does none of his destructive policies, just the threat is destroying the economy.

 

[FastLane]

American business leaders are turning on Trump — fast

Biden-era regulations are still standing, and new ideologically driven crackdowns and market-roiling policies are being piled on. The MAGA vibes are fading.

www.semafor.com

“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.)

CEO optimism is fading as Trump pushes ahead with trade restrictions, while business-friendly deregulation has yet to materialize. US consumer confidence in January recorded its biggest one-month decline since November 2023. The US stock market, long Trump’s preferred proxy for economic might, is lower than it was before his inauguration, trailing major indexes in Europe, China, Mexico, and Canada — all targets of the president’s planned tariffs.

Microsoft — whose CEO, Satya Nadella, joined the post-election pilgrimage to Mar-a-Lago — is calling on the White House to ease export limits on AI chips to allied or neutral countries. Chevron may lose a lucrative drilling concession in Venezuela over Trump’s immigration spat with that country’s strong-arm leader.

Trump’s picks to run key regulatory agencies, including those overseeing antitrust and the airwaves, appear likely to continue Biden-era enforcement priorities while adding new ideologically driven crackdowns and corporate purity tests. His pick to run the Federal Trade Commission, Andrew Ferguson, reaffirmed tough merger guidelines put in place by his predecessor, Lina Khan, which will do little for M&A, already off to its slowest start in a decade.

The Trump administration sued last month to block HPE’s takeover of Juniper, and said in a court filing last week that it’s unlikely to settle a lawsuit brought by the Biden administration seeking to block a travel-software merger.

“There isn’t a serious CEO in America who would prefer the disastrous, negative-growth policies of the previous administration over the pro-growth, low-tax, and low-regulation policies of President Trump,” White House spokesman Harrison Fields said. “In just four weeks, more than $1 trillion in private investment has flowed back into our country, and that’s a direct result of the Trump Effect, which is laying out the welcome mat for investment.”

Corporate executives making decisions on multiyear timeframes are struggling to decide whether to take Trump seriously, literally, or neither, and plan for a future after 2028. “You can’t move a factory overnight,” El-Khoury said. “It takes four years to build a fab.”

Onsemi gets about one-third of its revenue each from the US, Japan, and China, where half of its buyers are companies assembling cars or phones there for export. “Do you ignore it?” he said of Trump’s tariff threats, which expanded Wednesday to include a proposed 25% levy on European goods. “Or do you start doing scenario planning? That takes a lot of time and bandwidth.”

Apple will spend more than $500 billion in the U.S. over the next four years​

Exclusive: Honda to produce next Civic in Indiana, not Mexico, due to US tariffs, sources say​

US’s biggest toy maker to expand domestic factories as tariffs spark demand for ‘Made in USA’ goods​

 

[Tbird19482]

As businesses adjust to trump's ever changing rules, they are taking a wait and see stance. This is destroying our economy. Even if he does none of his destructive policies, just the threat is destroying the economy.

It is that instability that is causing a lot of problems .
Tariffs can work if they are reasonable but 25,30 40 50 % or more is not reasonable.
And it is causing a lot of jitters in the market and with our trading partners.
is there any of our trading partners Trump hasn't put a tariff on?

 

[Walt]

It is that instability that is causing a lot of problems .
Tariffs can work if they are reasonable but 25,30 40 50 % or more is not reasonable.
And it is causing a lot of jitters in the market and with our trading partners.
is there any of our trading partners Trump hasn't put a tariff on?

trump changes his position in under an hour. When calculating whether to build a factory, you have to make an estimate on expenses going out for decades, trump is changing the math inputs in under an hour. he is intentionally destroying a stable environment for businesses to grow. It is insane.

The only thing I can see in history that is similar is how Mao destroyed capitalism with ever changing rules when he took control over China.