President Donald Trump spoke on Tuesday with the best CEOs, many of which saw the value of their companies written while Trump’s tariff economic policy has increased uncertainty and fueled a market sale.
Trump, a big faresis of the prices, told the room full of business leaders in Washington, DC, that the tasks he had already imposed have an “extremely positive impact”.
Its remarks occurred at the start of the quarterly meeting of the Business Round TableA non -partisan economic defense group of Washington comprising more than 200 CEOs.
Apple CEO Tim Cook,, JPMorgan Chase chief Jamie Dimon,, GM chief Mary Barra And Walmart CEO Doug McMillon are all members of the BRT board of directors.
The meeting came while the financial markets continued their slide on Tuesday. The industrial average of Dow Jones lost up to 700 points before finishing the day of negotiations down 478 points, while the S&P 500 and the NASDAQ also closed lower.
Much of Wall Street’s uncertainty has focused on Trump’s prices, away, Canada and Mexico. But Trump brushed Call for clarity of the business world, as well as fears that its expanding tariff plans are likely to catch up with an uncontrollable trade war.
Tuesday morning, Trump suddenly accelerated his prices. After Ontario has promised to respond to Trump’s provocations by increasing tax exports to the United States, Trump promised to double his prices on Canadian aluminum and steel imports.
Later in the day, Ontario Prime Minister Doug Ford said that he had decided to suspend his energy surcharge plan, in the midst of discussions with the US Secretary of Commerce Howard Lunick. The Trump administration later said that it would not increase Canadian steel prices and 50%aluminum, as Trump threatened to do so earlier during the day.
Meanwhile, reprisal rates in China on many American agricultural products entered into force On Monday, and leaders around the world are preparing for the broad “reciprocal prices” that Trump promised to impose from April 2.
Asked in an interview that had released on Sunday if he could exclude the possibility of a recession This year, Trump replied: “I hate predicting things like that.”
So far, the White House has sought to minimize the sale of the market, arguing that it is more “significant” to follow the actions of business leaders instead of short -term stock fluctuations.
These daily fluctuations “are a snapshot of a moment in time,” said the White House press secretary Karoline Leavitt on Tuesday.
She argued that commercial optimism was high and added: “We are in an economic transition period”.
The business round table previously expressed the hope that Trump will get agreements Avoid prices with Canada and Mexico, warning These sustainable tasks could have “serious costs for American families, farmers and manufacturing”.