May 5, 2025, 9:30 AM
May 5, 2025, 12:00 AM

Trump vows to call CEOs about tariff decisions

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Highlights
  • President Donald Trump emphasized his willingness to call CEOs if their decisions regarding tariffs are harmful to the country.
  • During the interview, Trump defended his tariff policies, claiming they should incentivize domestic manufacturing rather than increase consumer prices.
  • His communication with business leaders aims to ensure that corporate responses align with national economic interests.
Story

In a recent interview on NBC News' 'Meet the Press,' President Donald Trump shared insights about his communication strategy with CEOs, particularly regarding their responses to tariffs that significantly impact consumers. This statement came days after a call he had with Jeff Bezos, the founder of Amazon, who was reportedly considering displaying tariff costs alongside product prices on Amazon's website. Trump indicated that he would reach out to other CEOs if he disagrees with their decisions that he believes could harm the country. He suggested that his approach contrasts with that of his predecessor, Joe Biden, implying that Biden was less aware of such business dynamics. Trump defended his contentious tariff policy, insisting that tariffs should be seen as incentives for manufacturers to produce goods within the United States rather than merely being passed down as costs to consumers. He expressed concern that companies raising prices as a result of tariffs may be acting counterproductively by not using the policy to bolster American manufacturing capabilities. Retailers have been vocal about the possible adverse effects of tariffs, warning consumers about potential price increases. Notable retailers have urged consumers to shop more to mitigate impending price hikes stemming from tariffs imposed by Trump's administration. Trump believes that minimizing reliance on imports will ultimately benefit consumers and the American economy, asserting that the country does not need to waste resources on unnecessary products imported from countries like China. This dialogue reflects a broader conversation about trade dynamics and corporate responsibility in the context of economic policies set by the Trump administration.

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