Former President Donald Trump has announced a plan to personally contact CEOs of major companies if he disagrees with their business decisions, specifically targeting potential price increases linked to tariffs. Trump made the statement on Friday, referencing a recent phone call with Amazon founder and executive chairman Jeff Bezos. He indicated that he intends to use the same approach with other major retailers if they raise prices due to tariffs implemented during his presidency.
"If I see prices going up because of tariffs, I'm going to call the CEO," Trump stated. "I'll tell them, 'You can't do that. We're trying to make things better for the American consumer.'" He added that he believes direct communication is the most effective way to address concerns about the economic impact of his trade policies.
Economists have debated the potential effects of tariffs on consumer prices, with some arguing that they can lead to increased costs for businesses, which are then passed on to consumers. Trump's strategy of directly engaging with CEOs reflects his belief in his ability to influence business decisions and mitigate the potential negative consequences of his trade policies. The effectiveness of this approach remains to be seen, as it depends on the willingness of CEOs to comply with Trump's requests.
Trump to Contact CEOs Over Tariff-Related Price Hikes
Former President Donald Trump stated he will directly contact CEOs of major companies if he disagrees with their business decisions, particularly regarding price increases related to tariffs. This announcement follows a recent phone call with Amazon's Jeff Bezos. Trump indicated he intends to use this approach with other retailers if they raise prices as a result of tariffs imposed by his administration. The former president believes direct communication will help him address concerns about the impact of tariffs on consumers.
Source: Read the original article at NBC