Walmart’s Frond: with Beijing you have to negotiate at all costs
The top of the company to the White House: otherwise the prices will go up
The managing directors do not take to the square. To protest, the American CEOs go directly from Donald Trump. Last Monday, the bosses of Walmart, Home Depot and Target – that is, three of the major chains of commerce to the public in the United States – entered the White house To illustrate to the President the reasons for their opposition to duties policy. Have been received and listened to. It is that the movement of the buSinass leader against protectionism is growing across the country: the retail sector (which invoice 8,500 billion dollars a year) is among the most exposed but, to avoid the consequences of the duties, every kind of company seeks its way: from the head of Nvidia to Elon Muskfrom Apple to the anxious leaders of Boeing to farmers.
A four -hunt with Trump, Doug McMillon, Ted Decker and Brian Cornell They supported (but certainly the president already knew) that the duties will increase prices and break a series of supply chains. They reported that, if the import rates remained those announced, the result would be a cost for American consumers equal to 78 billion, meters and meters of empty shelves in supermarkets due to the shortage of goods, layoffs and failures. Trump For some time he has been wanting to speak with companies, not to want to be rigid (in fact he often changes his opinion) and, at the end of the meeting, the three CEOs said that the chat was productive. In the oval study, there will certainly be other meetings with entrepreneurs during the ninety days moratorium decided by Trump, during which mutual duties imposed on almost the whole world will not be operational.
The fact is that the duties are political and geopolitical choices of the American government that affect the interests and freedom of companies in the search to allocate investments, purchases and productions at best. Now, the president is taking steps to the side with respect to the shock announcement of the Liberation Day in which he announced Balzelli in the rain. In addition to the 90 -day moratorium, he softened the approach to Mexico and Canadathe two most integrated economies with that of the United States; He introduced some exceptions for Apple and Nvidia and for personal computers; And the White House says he has already in progress dozens of interviews with countries willing to negotiate agreements in Washington. So much so that yesterday the Wall Street Journal He spoke of a Trump retreat and compared it to that of François Mitterrand in the 1980s, when he, to save his presidency, made a U -turn compared to the « socialist » economic policies that he had imposed on France. In reality, the Dice issue It remains threatening for businesses, for the global financial world, for dozens of countries: because it is impossible to know what the Trump plan is – if you have one – and above all because the duties of 145% against imports from China remain in place, And China is in 360 degree (cheap) weapons and in fact finds alliances in American businessmen.
Last week, Jensen Huang, CEO of the great US producer of nvidia chiphe flew surprisingly to Beijing a few days after the White House had prohibited sales from China even of what had been the only chip (H20) for exportable artificial intelligence. Because of the new ban, the company involves losing 5.5 billion in revenue, but Huang does not seem to have the intention of abandoning China: during his journey he met Liang Wenfengthe founder of Deepseek, the most advanced Chinese society in the development of AI, to draw new chips that are not blocked by the White House.
Elon Musk also had to announce a partial retreat from doge, the political commitment taken with Trump to cut the federal bureaucracy: he will return to deal more with Teslawhich suffers the « political » boycott in the West and has serious problems of competition in China. Meanwhile, Boeing has been canceled 50 orders who had signed with Beijing and the Chinese have already postponed some planes to Seattle. For their part, farmers’ organizations are mobilizing the politicians who represent them in Washington: they are affected by the duties of 125% that China has imposed as a countermeasure to those of the White House. Trump says that the Chinese import rates will also drop, but only after a negotiation with Xi Jinping. And it ensures that talks with Beijing are underway (the Chinese say that mind). The certain thing is that now the American business has a message for the president: Beijing is right, the duties hurt and above all the famous decouping, that is, the misfortune between the American and Chinese economy, it does not do.
