US companies are struggling to find out how to respond to Donald Trump’s trade war, concerned about the president’s impact on the economy on the economy, but cautious to talk about fear of retaliation on the White House, according to directors and board members.
Corporate leaders are not sure how far they should go to their businesses re -engineering in response to Wednesday tariffsIn terms of doubts about how long Trump will stick to his current course and hopes they will be able to lobby to facilitate some of the policies.
Complicated things is a climate of fear created by the recent White House Directing law firms including Paul Weiss.
“You do not want to be a dog that barks for everyone else because you will be the one to be shot,” said one person running the US company board.
Another CEO of the Corporate Board said the best approach was the case with Trump and his team privately that these policies could harm his basic voters through higher prices and job losses.
“It is a lobbying of Velvet glowing of his more prominent policy advisers and it clearly includes Scott,” another CEO of the US Board said, referring to US Secretary of Finance. Scott betting.
Disney chief executive Bob Iger expressed concern on Thursday at an internal ABC NewsUs meeting, according to people who heard the remarks.
He said it would not be easy for American companies to convey their production to the country for specialized work force and different skills across borders. Iger cited the example of Apple’s Foxconcon facilities in China, where the tech giant makes the vast majority of its devices.
Iger also warned that Disney himself would be affected. With steel prices are likely to rise, the cost of the company to build cruise ships will rise, he said.
Trump’s tariff flash and Revenge of China Markets of goods with goods, causing raw prices to be resolved on three -year falls of $ 65.58 on Friday, with oil traders betting that the US administration has no immediate plan to restore penalties.
Friday a tycoon of shale Harold HamExecutive President of Continental Resources, told the Financial Times that he remained a supporter of Trump and his efforts to make fundamental reforms and to renew US production by dealing with unfair trading practices abroad.
“But it is also true that you cannot practice, baby, exercise if you produce oil and gas below the price of the supply. Shale producers hope that current market turbulence is a temporary situation so they can deliver the president’s agenda to free the US energy domination,”
One executive director of private capital in one of the largest companies in the industry said that many companies had analyzed and used tariffs to see their impact on their end ranks and prepared solutions to be prepared for “Liberation Day” when tariffs were published.
But that preliminary thing was kicked out because the formula that the White House used to calculate tariffs came nowhere near people’s expectations.
Many investment companies have or plan to present their views on customer tariffs, many of which are overseas investors who were shocked by the volume and direction of taxes.
Carlyle Group will host “Special Global Investment Investment Investment Investment Update” on Monday, in which co-founder David Rubenstein and two other executives are expected to describe a playing book to cope with tariffs.
Some corporate leaders have appealed for calm and have not reduced the opportunity for the market to be reacted.
“Although it was quite cruel and drastic, we all know that stocks tend to overdo it with reaction and underestimation,” said Herman Bulls, vice-president at the Comercial Real Estate Group and Director of the USA Board, Host Hotels, Fluent Energy.
“This is no surprise in terms of direction,” Bulls said. “This was talked about during the campaign and when he won.”
The announcement of the tariffs took place in the middle of the “Running of Retail” conference, hosted in Newouper by JPMorgan Chase for directors, investors and analysts in the retail sector.
The chief financial officer of Home Depot, Richard McFail, was among the executives who said there would now be potentially tense negotiations to transfer the burden of suppliers than US consumers.
“In a normal course, we always have talks on costs with our sellers,” he said. “When it comes to tariffs, that’s just another price in the equation we need to understand each other.”
Another retail salesman, assumption, said this week that it could move away from suppliers in Asia in Latin America, where the announcement tariffs tend to be more moderate.
But corporate councilors said there were too many questions about US policy for companies to be able to devote themselves to large adjustments.
“I think they will stop making big moves on the supply chain because this is not even the beginning of the end,” said Christine Ball, a US customs specialist.
“It’s not even the end of the beginning. There is too much uncertainty for the CEO to decide that he or she will gather operations outside the country and move them to the country B.”
Reporting by Oshoshua Franklin, Steven Foley, Anna Nicholu, Antoine Gara, Jameimi Smith, Patrick Temple-West and Claire Bushay
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