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Wall Street billionaires, other savvy economic operators sidelined on Trump tariffs
A Wall Street that had been excited for Trump, and the unleashing of animal spirits in markets, is now deflated,” says The Wall Street Journal this morning, as “top executives sense their opinions don’t carry much weight with the president.”
“Many supported Trump last year even while knowing that the steep tariffs he had long promised could be destructive to both the tech industry and the economy as a whole, but they felt that Trump could be swayed by advisers such as Treasury Secretary Scott Bessent to adopt a softer approach,” says The Washington Post.