Trump Meets with Top CEOs Amid Economic Tensions

U.S. President Donald Trump is set to meet major CEOs to discuss economic policies as market value dips raise fears of recession. The meeting will address tariffs and their impact on inflation and consumer sentiment. The Business Roundtable is urging for tariff reassessment to mitigate economic risks.

U.S. President Donald Trump is scheduled to meet with the chief executives of America's most influential companies, as fears of a recession and inflation cast a shadow over market values. The Business Roundtable meeting in Washington will see Trump engaging with around 100 CEOs from prominent companies like Apple, JPMorgan Chase, and Walmart. This follows Trump's prior meetings with technology executives at the White House.

The president's economic strategies, highlighting tariffs aimed at correcting trade imbalances and stopping illegal narcotics, have sparked concerns about potential price increases and diminished consumer confidence. The S&P 500 Index saw a slump of nearly 3% since Trump's 2016 election, with broader apprehensions about economic growth taking root among American households.

While Trump's administration touts tariff-driven job creation and investment pledges, economists and industry leaders warn of possible long-term inflationary effects and labor market pressures. The Business Roundtable advocates for making Trump-era tax cuts permanent and reevaluating tariffs to prevent lasting economic damage, particularly in light of the North American trade deal's significance.

(With inputs from agencies.)