Trump won both the Iowa caucuses and the New Hampshire presidential primary this month., and he appears ready to mop up In the upcoming Republican primary, she will face former United Nations Ambassador Nikki Haley, who is backed by prominent businessmen.
“Most of the older businessmen I talk to… I can’t stand that man. They just realize he’s a huge danger to the country,” said Larry Harris, a finance professor at the University of Southern California and former chief economist at the Securities and Exchange Commission.
“But no one speaks, because unless everyone acts at the same time, whoever shows up wins. be struck down immediately”
JPMorgan Chase CEO jamie dimonHaley, who endorsed Haley two months ago, appeared at the World Economic Forum in Davos, Switzerland, earlier this month and praised Trump-era policies.
“Take a step back and be honest,” Dimon said. “There he was correct in a sense About NATO. He was kind of right about immigration. He grew the economy very well. Trade and tax reforms were successful. He was right about parts of China. ”
“I don’t like what he said about Mexico, but he was right on some of these important issues,” he added. Dimon also defended President Trump’s supporters and urged President Biden and the Democratic Party:grow up”
stephen schwartzmanThe chairman and CEO of investment firm Blackstone also changed his stance on Trump. A major Republican donor who came out against Trump in November said at Davos that he hasn’t ruled out supporting the former president again.
“I’m in ‘Let’s’.”
watch the progress How does this work?” he said when asked if he would support Trump in the 2024 election. “I’m not as far into the hypothetical world as you’d like me to be yet. And we’ll see what happens. There are always surprises in these elections.”
But most corporate officials are escaping the former president’s targets.President Trump publicly uttered abusive language Past business leaders, especially on social media.
Andrew Lokay, senior research analyst at Beacon Policy Advisors, also said large companies will have to deal with President Trump’s policies. protectionist policies if he wins another term.
“I predict that Trump will be in power for a second term.”
america first We took policy to the next level,” Lokey told The Hill. “He is calling for a universal 10% tariff on imports from all countries, which would significantly withdraw the United States from the global economy.”
But Lokai also said some members of the business community could do more to help.laissez-faire” regulatory approach would likely be supported by another Trump administration.
Big business is also likely to welcome a unified government under Republican control, he added. And its main provisions are: Tax Cuts and Jobs Act It is set to expire in 2025, and Republicans are likely to extend personal and corporate tax cuts.
“I don’t think there’s a consensus on what will ultimately happen here because there are so many potential deployments and moves that could affect the outcome between now and the general election. Because there is a call out,” Alpert said.
The Hill’s Julia Chapero has more here.
