President of the United States, Donald Trump, will meet top executives of major companies. During a meeting following the decline in US stock markets, CEOs will demand an end to global trade tensions.
President of the United States, Donald Trump, will meet with the general directors of many large US companies whose market values have decreased in recent days due to concerns about stagnation and inflation reducing investors’ risk appetite. It is expected that Trump will meet with approximately 100 CEOs at the regular Business Roundtable meeting in Washington. Major US companies such as Apple, JPMorgan Chase, and Walmart will be represented by their CEOs at this meeting. Trump previously met with executives of technology companies at the White House.
TARIFFS SHAKING MARKETS Trump’s economic policy has largely relied on announcements of customs duties thus far. Some of these tariffs have been implemented, while others have been postponed. Trump argues that new customs duties and protective policies will correct imbalanced trade relationships, increase job opportunities in the US, and prevent drugs from entering the country. Markets are fluctuating sharply due to concerns that these policies may increase costs for businesses, raise inflation, weaken consumer confidence, and negatively impact economic growth. The worries about the effects of Trump’s customs duties on the economy led US stock indexes to close in negative territory yesterday. The S&P 500 index has fallen by 3% since the US presidential election of November 2024.
TRUMP DID NOT ANSWER RECESSION QUESTION Trump imposed a 20% additional tax on goods imported from China and a 25% tax on imports from Canada and Mexico, but most of these tariffs were delayed until April 2. Trump plans to announce customs duties based on the principle of reciprocity for all trade partners on April 2. In a statement last month, the US President mentioned that these policies might cause some short-term trouble but would benefit in the long run. Trump did not answer the question on whether customs duties would lead to stagnation during an interview with Fox News over the weekend.