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Business And Economic Establishment Remains Sceptical Of Trump

US

Former President Donald Trump may have repaired some bridges with business leaders, but no Fortune 100 CEOs have financially backed his campaign, a major reversal from the three elections prior to 2016 when 30–40 CEOs backed the Republican candidate – a sign that corporate American remains sceptical of his agenda.

  • Axios reports: “It's easy to overstate how much America's business establishment supports Donald Trump. Just because corporate America has serious issues with President Biden doesn't mean they're in Trump's camp,” adding that, “Roughly two-thirds of CEOs are registered Republicans, but they're not MAGA.”
  • Jeffrey Sonnenfeld writes in a New York Times op-ed: “Trump continues to suffer from the lowest level of corporate support in the history of the Republican Party.”
  • Sixteen Nobel prize-winning economists, led by Joseph Stiglitz, have penned a letter warning that Trump’s agenda could exacerbate inflation: "While each of us has different views..., we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump.”
  • "We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy... There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets."
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