President Trump is set to deliver a pivotal address at the Business Roundtable Quarterly Meeting, today at 5 pm ET.
This influential board features prominent leaders such as Apple CEO Tim Cook, JPMorgan Chase’s Jamie Dimon, GM’s Mary Barra, and Walmart’s Doug McMillon, according to CNBC.
The meeting comes as financial markets continue a weekslong sell-off. The Dow Jones Industrial Average was down more than 700 points as of 1:30 p.m. ET Tuesday, before paring back some losses.
Wall Street faces mounting uncertainty, stemming from Trump’s intermittent tariffs on Canada and Mexico. Despite business community concerns and fears of igniting a trade war, Trump remains steadfast in his approach.
This morning, Trump once again escalated tariffs. In response to Ontario’s plan to tax electricity exports to the U.S., Trump promised to double tariffs on Canadian aluminum and steel imports.
White House Press Secretary Karoline Leavitt was direct when an AP reporter labeled these tariffs a “tax hike.” Leavitt clarified:
Tariffs are a tax hike on foreign countries that, again, have been ripping us off. Tariffs are a tax cut for the American people, and the President is a staunch advocate of tax cuts.
BOOM! White House Press Sec. Karoline Leavitt SHUTS DOWN Disrespectful AP Reporter on “Insulting” Tariff Question: “I Now Regret Giving a Question to the Associated Press”
In his address, Trump is expected to highlight the nation’s robust economy, bolstered by tariffs and a staggering $2 trillion in recent U.S. manufacturing investments.
Adding to the economic optimism, Elon Musk announced plans to double Tesla’s U.S. output, attributing it to Trump’s “great policies” and his unwavering “faith in America.”
Watch the live broadcast below:
