'My head is spinning right now': CEOs are reeling over the tariff chaos of the last few days.

Delta Air Lines Inc.; United States presidential election, 2024; Investors; Stock prices; Bonds (Finance); Commercial treaties

The article discusses the impact of recent tariff changes announced by President Trump, which include a halt on reciprocal tariffs for 90 days and an increase in tariffs on China to 125%. Business leaders express concern over the unpredictability of the trade environment, with Delta Air Lines CEO Ed Bastian and JPMorgan Chase CEO Jamie Dimon highlighting the negative effects on consumer behavior and potential recession risks. The article notes that the business landscape has shifted significantly, particularly in the biotech sector, where funding cuts may undermine U.S. dominance and benefit competitors like China. Overall, the consensus among CEOs is that escalating tariffs are detrimental to the economy. [Extracted from the article]

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