🇺🇸 Donald Trump · 3 sources
Americas billionaires are turning their backs on Trump
What happened
Jamie Dimon, CEO of JPMorgan Chase, has spoken out against Trump's rejection of the multilateral system, while Peter Thiel, a long-time Trump backer, has expressed disappointment with Trump's administration. Dimon has suggested a grand alliance with European and other like-minded democracies, while Thiel has criticized Trump's cabinet for being "not very smart but very loyal". Both men have criticized Trump's policies in recent public statements.
Why it matters
The criticisms from influential US billionaires may indicate a shift in public opinion against Trump's policies, potentially impacting his re-election chances. The comments also highlight the ongoing debate within the US business community about the country's role in the global economy. The shift may also have implications for US foreign policy and economic alliances.
Key facts
- Jamie Dimon is the CEO of JPMorgan Chase
- Peter Thiel is a long-time Trump backer and Republican mega donor
- Dimon has suggested a grand alliance with European and other like-minded democracies
- Thiel has criticized Trump's cabinet for being "not very smart but very loyal"
- Trump's loss of political momentum may have given some of his backers the cover to speak out against him.
Topics
Publisher evidence used
Reporting attributed to smh.com.au. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
Also reported by
- brisbanetimes.com.auSource
- theage.com.auSource
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