What CEOs really think of Trump’s tariffs – Fortune

“Tariffs are taxes that will be paid by American consumers and businesses. They will disrupt finely calibrated supply chains honed through two generations of free trade. The auto pact goes back even further; about 40% of the GM’s North American production is outside the U.S. Every country will see lower GDP and higher inflation as a result. They’re cruel and destructive to our largest trading partners. They also punish people who have nothing to do with the flow of immigrants and drugs across the border.  The only drug trade I associate with Canada is the flow of Americans heading north to buy cheap prescription drugs.”

Here are all the ways Trump’s tariffs could hit stocks, according to Goldman Sachs – msn

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