Global CEOs Confront New Era With Trump Win, Risk of Tariffs
- Porsche, BMW lead German automakers lower on US protectionism
- Chemical transporter Odfjell rollback of green-energy policies
Former US President Donald Trump at a campaign rally in Pennsylvania, on Nov. 4.
Photographer: Chip Somodevilla/Getty Images
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Business leaders around the world are digesting a new reality with Republican Donald Trump set to return to the White House, promising greater US protectionism, higher tariffs and tighter immigration policies.
CEOs, who for months had tiptoed around questions about a potential change in US power, began grappling with the new order in boardrooms and on earnings calls on Wednesday, where investors sought to price in the effect of a Trump win.