The Business Roundtable is MIA Against Trump’s Attacks
President Donald Trump recently attacked Walmart, the biggest private sector employer in the United States and the largest retailer in the world.
Douglas McMillon, CEO of Walmart warned that the Trump Administration’s tariffs could drive cost increases. In response, President Donald Trump took to social media.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected,” seethed the President. “Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”
The rebuke comes the very same week that Trump chided revered Apple CEO Tim Cook for manufacturing in India and is merely the latest in a long line of attacks on some of America’s most iconic businesses. So far during his second term, Trump has lashed out at companies such as Amazon, Bank of America, and Boeing. And organizations including AT&T, Harley-Davidson, and Merck have not been immune to Trump’s wrath. However, business leaders are yet to collectively, and definitively, stand up to him.
Many completely non-political CEOs saw their firms suffer Trump-initiated stock plunges as they made prudent decisions on how to guide their companies around reckless universal trade sanctions.
As Trump’s tariff tantrums threaten to plunge the American economy off a cliff—amidst significant price increases, large layoffs, plummeting business and consumer........
