President of the USA, Donald Trump, will meet with top executives of big corporations. In the meeting following the decline in the U.S. stock markets, CEOs will demand an end to global trade tension. President of the USA, Donald Trump, will meet with the general managers of many major U.S. companies whose market values have declined due to investor concerns about stagnation and inflation recently dampening risk appetite. It is expected that Trump will meet with around 100 general managers at the regular Business Roundtable meeting in Washington. The CEOs of big U.S. companies like Apple, JPMorgan Chase, and Walmart will be participating in this meeting. Trump had also met with executives from technology companies at the White House yesterday.

TARIFFS SHAKING THE MARKETS
Trump’s economic policy has been largely based on tariff announcements so far. Some of these tariffs have taken effect, while others have been postponed. Trump argues that new tariffs and protective policies will correct imbalanced trade relations, increase business opportunities in the USA, and prevent drugs from entering the country. Markets are fluctuating sharply due to concerns that these policies may increase costs for businesses, raise inflation, weaken consumer confidence, and adversely affect economic growth. The worries about the effects of Trump’s tariffs on the economy caused U.S. stock indices to close in the negative territory yesterday. The S&P 500 index has fallen by 3% since the U.S. presidential election in November 2024.

TRUMP DID NOT ANSWER THE RECESSION QUESTION
Trump imposed a 20% additional tax on goods imported from China and a 25% tax on imports from Canada and Mexico but had postponed most of these tariffs until April 2nd. On April 2nd, Trump plans to announce customs duties based on the principle of reciprocity to all trading partners. In his statement last month, the U.S. President mentioned that these policies might cause some short-term discomfort but will bring long-term benefits. In an interview with Fox News over the weekend, Trump did not provide a direct answer to the question of whether tariffs would lead to stagnation.