Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Manufacturers wield cloud with Trump

Tuesday, January 31, 2017 - 01:26

Silicon Valley has lashed out at Trump's immigration curbs. But the sector that could have the most say is manufacturing. Fred Katayama explains why.

▲ Hide Transcript

View Transcript

Silicon Valley executives have lashed out at President Trump's immigration curbs. The CEOs of Goldman Sachs and Ford joined that chorus on Monday. But the corporate outcry has been mostly faint. Big banks may have the bucks, but the corporate sector that could wield the most clout is manufacturing. David Birdsell is dean of Baruch College's School of Public and International Affairs. SOUNDBITE: DAVID BIRDSELL, DEAN, AUSTIN W. MARXE SCHOOL OF PUBLIC AND INTERNATIONAL AFFAIRS, (ENGLISH) SAYING: "If there's a way you can make this argument of manufacturing - remember what the core base of Trump support is or at least one of the important constituencies of Trump support - and that is the people who have been the losers of globalization who had manufacturing jobs and who no longer have those jobs, and he wants to bring those jobs back to the United States." Trump will hear more from big business when his advisory council meets this Friday. Led by Blackstone's CEO Stephen Schwarzman, its members include the CEOs of manufacturers Boeing, GM and GE. Carmel Crimmins covers the finance sector at Reuters. SOUNDBITE: CARMEL CRIMMINS, FINANCIAL SERVICES EDITOR, REUTERS,(ENGLISH) SAYING: "He clearly likes surrounding himself with business people. We've seen that with his Cabinet picks. So I think there is an element to that. I think he will listen to business if they say that this is going to have an impact on the bottom line." But Trump is an unusual president. Birdsell says there's the risk that pushback will simply push him to double down and shame more companies on his Twitter feed.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Manufacturers wield cloud with Trump

Tuesday, January 31, 2017 - 01:26