Trump's proposed economic policies for his potential next term include aggressive tariff hikes, tax cuts, and cheap money policy1. He has pledged to raise tariffs by 10% on imports across the board and push them even higher for China and Mexico. Trump also wants to extend his first-term tax cuts and has signaled his intent to replace Federal Reserve Chairman Jerome Powell and then pressure the next Fed chair to lower interest rates.
Wall Street CEOs initially distanced themselves from Trump after the Capitol riot. However, they have gradually warmed up to him again, recognizing his popularity among Republican voters and potential impact on the economy. Some CEOs remain wary of his protectionist trade policies, but others see him as a supporter of business growth and economic stability.
Cathie Wood, CEO of Ark Invest, described her voting priorities as being primarily focused on the economy. She stated that she plans to vote for the person who she believes will do the best job for the country's economy, which led her to support former President Donald Trump over President Joe Biden in the November presidential election.