Business Groups Warn of Consequences as Trump's Trade War Spirals.

[elleng]

'The latest whipsawing escalations in the United States’ trade war with China prompted a wide array of business organizations to warn over the weekend that American consumers and workers would soon be caught in the crossfire.

It is now looking increasingly likely that few large American companies will be able to sidestep the toll exacted by the new tit-for-tat tariffs that China and President Trump rolled out on Friday.

Many business leaders have kept a low profile as the trade war intensified, for fear of attracting President Trump’s ire, and in the hope that the threats of tariffs could be negotiating tactics that will lead to some sort of trade agreement.

But with several tariffs already in place, and President Trump staking out an even more aggressive stance on Friday, many industries are reckoning with just how serious the situation has become.

Joshua Bolten, the president and chief executive of the Business Roundtable, an organization representing the leaders of the largest American companies, said on Sunday that many C.E.O.s were already “poised right on top of the brake.”

“The risk is that everybody’s going to slam on the brake, and that would be a disaster,” Mr. Bolten said on “Face the Nation” on CBS.

President Trump’s latest moves, Mr. Bolten said, could “disrupt trade and commerce in a way that would cause huge damage — not just to the Chinese economy, but to the global economy and the U.S. economy.”'>>>

https://www.nytimes.com/2019/08/25/business/trump-trade-war-businesses.html?

'many C.E.O.s were already “poised right on top of the brake.”'

GOOD, we're WAITING.

[Kurt V.]

1. Mostly they support him. They're partially responsible

[elleng]

2. They're largely responsible, but they're likely recognizing the damage their decisions

AND his erratic behavior are and will result in.

[Freethinker65]

3. As long as they got wealthier, they were just fine with policies that harmed everyone else.

I have no sympathy for the business leaders that thought only of their own bottom lines.

Unfortunately, in order for the leaders to feel anything, their employees and the economy surrounding them must suffer for the business leaders to give a fuck.

They helped elect and create this monster and many that survive will come out wealthier and more powerful. The losers will have no one to blame but themselves.

[Skittles]

4. fuck them

fucking assholes.....they've been fucking the working class for a LONG time, now they're upset because it's affecting THEIR finances