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Is corporate America already souring on Trump?

For President Trump, definitions are a way to protect American industries and protect national security. For Skobian, it is a disaster that put its company in a crisis.

SKUPIEN is the manager of operations at TOMPKINS Products, a small family company in Detroit that takes the imported cold aluminum strip and convert it into transmission valves and other components of the American auto industry.

Trump’s move last week to impose a 25 percent tariff on all steel and aluminum imports will make Tombinz’s main inputs more expensive – unless you can.

“It is clear that there is no way I can accommodate such a huge increase in a financial price,” she says. “This is not possible.”

More fees may be on the way. Trump put an additional tariff in China on February 4, a 25 percent tariff in Canada and Mexico is also hanging. On Thursday, he announced a plan for new “fair and mutual” measures on the trade that could be seen Definitions I grew up on a wide range of countries.

The Daily News Index Rapit Fine* shows a rise and decreases in American economic feelings towards Trump and his victory

Throughout the United States, businessmen warn that this new Trade war It can lead to increased costs, disrupting supply chains and hurts profits – and make a full range of products more expensive for American consumers.

Jim Farley, CEO of Ford, said the impact on the auto sector will be catastrophic. He said on Tuesday: “In the long term, the customs tariff by 25 percent across Mexico and Canadian borders will explode a hole in the United States industry that we have not seen before.”

Even one of the largest Republican donors in Wall Street felt that they had to speak. “The uncertainty and chaos” resulting from Trump’s commercial moves against the closest allies of the United States will end up “an obstacle to growth.”

Trump’s “bombing” was burning[ed] In the minds of executives and policy makers: We cannot rely on America as our commercial partner. ”

Last November, Trump’s electoral victory launched a wave of enthusiasm in both Wall Street and the main street, with the rise in the dollar and stocks that reach record levels where investors are betting on stronger economic growth, lower organization and lower taxes.

The head and shoulders are a snapshot of Tircy Skobian
Trysey Skobian says that there is no way that can absorb its small products at TOMPKINS that small TOMPKINS products have the huge increase in the price of aluminum, and customers resist more payment. © Tracy Skobian
An employee coincides with steel bars in the mineral manufacturing factory in Seoul
She says that competing manufacturers in South Korea can buy steel and tariffs free of tariffs and then export final products to the United States, which reduces their products. © Anthony Wallace/AFP/Getty Images

But there are indications that large areas of American companies It has already started acidity on Trump, as concerns about the negative economic impact of trade and immigration policies grow.

Executive managers worry that the Trump import tariff will strike their business, that the campaign of repression on illegal immigrants will actually exacerbate the lack of acute labor and that its fundamental reform of the government will disrupt the smooth performance of the federal bureaucracy.

“The initial euphoria that we saw in January is on the head of a commercial institution that gives way to panic.


Some business leaders Say the depression is affected. David Solomon, CEO of Goldman Sachs, said this week that the market participants are still “excited” to some Trump policies, especially the possibility of “a more trendy agenda towards growth” that “stimulates investment.”

“The administration’s movements to reduce the organization would. The souls of animals.”

The oil industry, a major donor of Trump’s campaign, also praised the President’s CEO, which is seeking to open the new oil and gas supplies and sweep the Biden era, which says that the training workers have increased their costs and restricted activity.

“It is good to see an administration that intends to take advantage of the abundance and encourage American energy,” said Mike Worth, CEO of American Chaveron, to analysts in a profit call late last month. “So I think it is a more balanced approach.”

Line scheme from the NFIB uncertainties, the sum of the answers

But in addition to praising the new administration, Suleiman also admitted from Goldman that the “wide political scene” is “still uncertain”, especially when it comes to Trump plans for migration, taxes, trade and energy. He said: “There is a lot of policy that transforms, and until we are the most certain of this policy, this will create little fluctuations.”

In private conversations, some executives at Wall Street go much further. A senior investment banker says that the turmoil and the inability to predict the actions of Trump – and the message of Elon Musk, the billionaire president of Tesla, who has become one of his great attachments – is greater than many business leaders expected.

“It was too late, we could not appreciate the nature of what the administration would be,” the banker says. “I think they harm their declared goals of peace and prosperity.”

In fact, animal souls are yet in the width. The deals in the United States suffered from its worst start for a year in a decade, when Trump’s commercial speech sent the cold through the administration halls: the total number of American mergers and acquisitions decreased by nearly 30 percent in January to 873 transactions, compared to a year before A year ago, a year ago. The lowest level since 2015, according to data from LSEG.

Meanwhile, the national index of uncertainty in independent works rose 14 points to 100 – the third highest recorded reading. The consumer’s sense of about 5 percent has also decreased, according to the Michigan University’s Memorization Index – the lowest reading of it since last July. The survey also referred to “the 12 percent segment in the terms of purchase of the Diabin, in part due to the perception that it may have been too late to avoid the negative impact of the customs tariff policy.”

Moralism did not help through the data released this week, which showed the rise in inflation to 3 percent in January, raising fears among economists that the largest economy in the world was increasing again.

Ken Griffin from the castle indicates with both hands while speaking
Ken Griffin, the founder of the castle and the Republican donor, said at a conference that “uncertainty and chaos” about the definitions will be a “obstacle to growth”. © APU GOMES/Getty Images
David Suleiman from Goldman holds the microphone while speaking
David Solomon, CEO of Goldman, admitted that the “broad political scene” was “still uncertain”, but said that the agenda was more orientation towards growth “will stimulate” investment “ © Paul Young/Bloomberg

Trump, who entered the White House less than a month ago, can hardly be blamed for high inflation. But there are fears that its trade policy may eventually end in the increase in prices, in addition to distinguishing tensions with allies and partners.

Businessmen greatly rejected his talk about the definitions as Bluff and Bluster: at most, they will be a trick to negotiation to win the privileges on trade. This was exposed to wishing to wish.

“All commercial policy attacks are on our allies instead of our opponents,” Sonnefeld says. “This really worries the executives.” “Trump has been elected to the economy and now see the economy in danger.”


Business leaders dilemma It is whether he is silent, or risks the appointment of the White House by speaking.

Ford Farley was one of the few who raised their voice, saying that the proposed tariff system aimed at strengthening the American industry would actually be a blessing for its opponents.

“Frankly, it gives freedom to curb the South Korean companies, Japanese and European,” he said. “They bring a vehicle of 1.5-2 million vehicles to the United States that will not be subject to this Mexican and Canadian tariffs. So. It will be one of the biggest surprises for those companies at all.”

Skupien, from TOMPKINS products, repeat Farley Fears. Its company includes competitors in South Korea and Spain who can buy aluminum in their countries free of tariffs, make the same products as TOPKINS and import them freely to the United States. “The same metal comes to the United States, but as a final product – and therefore, no tariff,” she says. “Now we are unable to compete.”

A member of the Ford F-150 truck works in the assembly factory, in Dearborn, Michigan
American car manufacturers such as Ford will compete with South Korean companies, Japanese and European that will not be subject to Mexican and Canadian definitions © Carlos Osorio/AP
Ford CEO Jim Farley speaks on the stage at an event
Ford Jim Farley President said that the proposed tariff system, which seems to be aimed at promoting the American industry, will be “one of the biggest surprises [rival] Companies ever © Bill Pugliano/Getty Images

She says she has one American aluminum resource that can climb, but the shift to them includes a “long lock”. Meanwhile, customers have retreated vigorously against their attempts to compensate for the cost of fees received by walking long distances at the price of TOMPKINS products.

“They say: The issue of the show is your problem, not mine,” she says. They may eventually make concessions on the price, but “will be a bloodbath.”

Complaints like Skupien are heard in the industry. The coalition of American manufacturers and American users, a commercial body, warned on Tuesday against imposing a tariff on steel and aluminum without the process of excluding the process of “putting manufacturers directly on the path of harm.”

It is not only a tariff identifying the image of some American companies. The auto sector was also shaken by changing Trump in electric car policies, with a warning from the White House of tax exemptions and federal support to launch shipping networks.

Desmond Whitley, CEO of Beam Global, the San Diego, said that the wave of executive commands targeting EVS and renewable energy on a wider scale of investor confidence in the sector. “Cryptonite for investors is uncertainty,” he told the Financial Times at late last month.

The fate of the inflation reduction law in Joe Biden, which helped attract more than $ 400 billion of clean investment and hundreds of thousands of committed jobs, is also at risk as Republican members of Congress scrambling to formulate a budget for Trump’s priorities.

Robert Blu, in a suit and tie, gestures speaking
Robert Blue from Dominion Energy says that the planned wind turbines will operate databases and it was “decisive to continue the United States’ superiority in artificial intelligence and technology.” © Aaron M. Speaker/Bloomberg
Two marine wind turbines were built off the coast of Virginia Beach
Some of the most ambitious renewable energy plans in the United States are now in doubt, among them the coastal wind project of Dominion Energy, the largest of its kind in the country © AP

The President explained these priorities in the first week of his position, as he ordered a stood with the approvals of the winds and the current wind lease contracts, and temporarily stopped billions of loans and grants for green energy.

Some renewable energy plans have become the most ambitious in the United States now questionable, including the coastal winds project in Virginia, Virginia, the largest of its kind in the country.

Robert Blu, CEO of Dominion, warned in a profit call this week that the pulling of the plug on the project would increase the electricity prices. “Stopping it will be the most inflationary measures that can be taken with regard to energy in Virginia,” he said.

The wind turbine planned to build energy data centers, and in this way, was “decisive to continue the American superiority in artificial intelligence and technology.” He added that the project was “creating American jobs.”

Skupien Bemoans is a policy designed for industrial reproduction to the United States – a goal it says praise – but it has ended with hurting local manufacturers such as TOPKINS.

“We have pressed Ford, Granur Motors and Toyota on the one hand and the United States government on the other hand,” she says. “All we try to do is keep the lights.”

Participated in additional reports from Amellia Pollar

Imagine data by Ray Douglas

https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F065663f9-a58e-48fe-986c-71969196b742.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1

2025-02-14 18:49:00

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