Blackstone and Goldman Sachs CEOs back Donald Trump as tariffs fuel US recession fears

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Two of the most significant leaders of the Wall Street supported Donald Trump, as the US President promotes import tariffs and commercial policy, which was afraid of the fear of slow down the world’s largest economy.

St. Stan Schwarzman, Chief Executive Staff, told reporters in India on Wednesday Tariffs: At the end of the day, it will lead to a significant increase in production activity in the United States.

“Given US size that tends to be good for the world,” said VoluminousProminent trump card donor.

At the same time, Goldman Sachi CEO David Solomon said that the business community “understands what the president is trying to do with tariffs,” although he is more “certain” on the agenda of Trump’s Policy.

25% tariff for steel and aluminum imports entered Wednesday, Reason for soothing counter-arguments The EU, which says the Alliance, will affect up to 26 billion euros of American products. Canada has also announced a 25 percent response tariffs for $ 30 billion worth of goods made by the United States.

“The business community always wants lower tariffs, everywhere in the world,” Solomon said.

But he welcomed the wider Trump agenda and dealing with strikes, saying Fox News, who liked the “President to do business.” “It’s another attempt than what we have had in the last four years,” Solomon said.

“CEOs are excited about some of the tail, like lower order,” he said, adding that the red ribbon was “significant in the growth and investment.”

Solomon stated that he expects to “take away” the number of preliminary public proposals in 2025 over the past two years.

The head of Goldman was part of a group of business leaders who met a round table of business and 200 American companies during the event held on Tuesday evening.

Many of those present saw the market capitalization of their companies due to the fear of fear and expansion of the trade war.

Trump said to the gathering that the tariffs will stimulate internal jobs and industrial production in the United States. “The biggest victory if [businesses] Move to our country and create jobs, “he said. “It gains more benefits than their tariffs.”

As well as the reviving of the US Production, the aggressive steps of Trump are designed to reduce the country’s trade deficit and force Mexico and Canada to flow to irregular migrants and FENTANYL on the southern and north of America.

But the parts between the United States and its closest allies cause chandeliers across the business community.

In addition to the answers to the EU and Canada’s response, there is anxiety to overcome its threat to impose so-called mutual tariffs for all commercial partners on April 2 so that they can punish their injustices.

Additional reports of New York’s Antoine Gara and Oliver Ads