- President Donald Trump’s latest round of tariffs is a hot topic for corporate executives this week.
- Leaders at companies like Target, Best Buy, Chipotle, and more have shared their thoughts.
- We rounded up their most interesting quotes from earnings calls, investor conferences, and media appearances.
You know something is a hot topic of discussion when a CEO thanks a Wall Street analyst for not asking about it.
“Thank you for the question that wasn’t tariff-related, Anthony,” Best Buy CEO Corie Barry said during an earnings call Tuesday, during which she fielded multiple queries on the topic.
Indeed, President Donald Trump’s trade war is the new elephant in the room this week as executives field questions on earnings calls, investor conferences, and media appearances.
C-suite execs at companies like Target, Chipotle, and more have shared their thoughts on how the new policies will impact their businesses, their customers, and the US economy.
While their approach and strategies vary, a common theme emerged among some of the business leaders: This is uncharted territory.
“We’ve not seen this level of tariff before,” RBC CEO David McKay said Tuesday at a conference hosted by the bank in New York. “And it’s a real departure from what’s built, I think, some of the great pillars of success in this country.”
Still, he added, “Even with all the tariffs, we’re going to have a lot of trade.”
And don’t be surprised if companies hike prices — fast.
Here’s what business leaders are saying.