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Fortune
Fortune
Jeffrey Sonnenfeld, Steven Tian, Stephen Henriques

As bold CEO voices challenge Trump’s tariffs amid recession fears, one CEO association seems missing in action

(Credit: Chip Somodevilla/Getty Images)

We have long worked with large numbers of CEOs, many of whom recognize the importance of urgent collective action to guard against a vindictive President Trump through strength in numbers. Post election, we saluted CEOs for trying to help Trump succeed. Then we called on CEOs and their trade groups to challenge Trump on excesses, carefully invoking their influential public voices to diligently represent their shareholders and society.

Over the last month, it’s become increasingly clear how Trump’s tariffs are already wreaking havoc across virtually every sector of the American economy. Far from the “golden age” of economic prosperity Trump promised, all his tariff tantrums have accomplished thus far are price increases, layoffs, plummeting business and consumer confidence, and frozen capital investments across industries.

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