The prospect of another four years of Donald Trump “should make business leaders shudder”, a leading Democratic think-tank has said, pointing to his plans including higher tariffs that could drive up costs for companies and consumers.
In a report published on Friday, the centre-left think-tank Third Way said Trump’s protectionist trade proposals, threats to end the Federal Reserve’s independence and vows to crack down on immigration, including for skilled workers, should alarm executives.
The 10-point memo also cited Trump’s plan to expand his 2017 tax cuts that economists say would add trillions to US debt, as well as his comment that chief executives should be “fired for incompetence” if they do not support him.
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