Corporate America Silent as Trump Abandons Free Market Ideals
Once staunch defenders of free enterprise, conservative business groups are largely silent regarding Donald Trump’s actions to control private businesses. These groups, such as the US Chamber of Commerce and the Business Roundtable, which previously criticized government overreach, have remained quiet despite Trump’s interventions like demanding a cut of Nvidia’s China sales and considering a government stake in Intel. The president’s actions, including public criticism of CEOs and unorthodox arrangements, have created an environment where businesses fear retribution for dissent, opting to wait for promised tax cuts instead. This silence highlights a shift in the risk calculus for corporations under Trump’s administration.
John Q. Hosedrinker