Can't provoke, can't avoid! Facing Trump, the American business community is trembling with fear

Wallstreetcn
2024.11.05 09:59
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Trump has compiled a list of CEOs and companies that he believes have been unfair to him or supported his political opponents. Trump's advisors have stated to the business community, "If you previously supported Harris and we never heard your voice before the election ends, then you will face a tough battle."

As the U.S. presidential election has entered the voting stage, American business leaders are "trembling" at the prospect of Donald Trump potentially returning to the White House, and are preparing for his strong comeback.

According to U.S. Axios news, Trump has compiled a list of CEOs and companies that he believes have been unfair to him or supported his political opponents. This potential threat has compelled business leaders to extend a helping hand to Trump and show goodwill to avoid retaliation. A Trump advisor quoted by The Washington Post stated:

"If you supported Harris before, and we never heard your voice before the election ends, then you will face a tough battle."

It is noteworthy that while some CEOs may support Trump's tax cuts, over the past two decades, American business leaders have generally leaned towards leftist positions. Among the Fortune 100, only one CEO—Elon Musk—has publicly expressed support for Trump.

Previously, some CEOs distanced themselves from Trump due to the Charlottesville incident and the January 6 Capitol riot, but now, few are willing to maintain a tense relationship with him during a potential second term.

Recently, Trump had phone conversations with Apple CEO Tim Cook, Google CEO Sundar Pichai, and Amazon CEO Andy Jassy. Additionally, he also spoke with executives from Jeff Bezos' Blue Origin space company. Meta CEO Mark Zuckerberg had a conversation with Trump after the first "assassination" attempt, describing Trump's response to that attack as "tough."

Wall Street is also preparing for a possible Trump victory, with hedge fund managers shifting investments towards stocks expected to perform better under a Republican administration, such as defense, oil, and cryptocurrency.

Bezos' Washington Post and the Los Angeles Times recently canceled their support plans for Vice President Harris. The owner of the Los Angeles Times, billionaire biotech entrepreneur Patrick Soon-Shiong, stated that he believes choosing only one candidate in a turbulent election year will cause divisions.

The risks this time will be higher, as Trump has already "laid down the gauntlet" indicating he will attack business leaders who are at odds with him. In 2016, he fiercely criticized executives from media companies, Nordstrom, and Amazon, and attacked Amazon's tweets, leading to a sharp decline in its stock price.

Analysts believe that even if the CEOs of major American companies are not fans of Trump, they do not want to become his enemies if he returns to the White House