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Trump- A Nightmare for top Seven CEOs

Trump- A Nightmare for top Seven CEOs

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Nijhum Rudra
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nbc fires donald trump after he calls mexicans rapists and drug runners

Financial experts predicted that Trump being a Millionaire will utilize his management skills to “make America great again,” if he wins the election.

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There is a great anxiety and worry among the top businessman and CEOs about the vast trade relations with China and the US tax systems because they doubt about the policies of Trump. This is exactly what crafts Trump’s campaign appealing to the billions of Americans  who are now feeling that this particular status quo has left them with full of falling incomes and faint futures.

According to CBS Money Watch, let’s check out some of the top seven CEOs who are fearing about the rise of “TRUMP” and what exactly their concerns are:

Amazon CEO-Jeff Bezos

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People still remembered the epic quarrel between Bezos and Trump way back in December. It all commenced when Bezos was accused by Trump purchasing Washington Post as a ‘scam’ to cut taxes. Whereby Bezos retaliated by saying he wanted to send Trump into Orbit, which is Bezo’s own commercial space flight business.

That spat could turn into something more serious for Bezos if Trump is elected, however. Earlier this month, Trump complained on Fox News that Bezos has a "huge antitrust problem."

"Amazon is getting away with murder, tax-wise. He's using the Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed," Trump said.

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Bezos isn't backing down, though. On Wednesday he said he has "no worries" about the scrutiny and criticism Amazon deserves. But regarding Trump, the CEO added that the New York billionaire's threats are "not an appropriate way for a presidential candidate to behave."

As president, Trump would nominate the attorney general, who leads the Justice Department and oversees antitrust enforcement.

Ford CEO Mark Fields

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Trump has singled out Ford (F) for its manufacturing operations in Mexico and for outsourcing jobs.

"What does that do? We don't get anything. Does Mexico come here and build factories here? We lose a fortune with every deal," Trump said.

Trump said if he's elected, he'll call Fields and demand that the automaker halt plans to expand its operations in Mexico, according to Reuters. If he gets his way, Trump would tack on a 35 percent tax onto any Ford product made in Mexico and imported into the U.S.

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Fields has defended his company's right to invest outside the U.S. if it makes financial sense.

Apple CEO Tim Cook

Apple (AAPL) became a target of Trump's ire during the debate over the San Bernardino shooter's iPhone, after the GOP candidate asked his supporters to boycott Apple products until the company agreed to help unlock the device.

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Apple is facing a much bigger threat than a call for a boycott, however. Trump's policy proposals include reforming the trade relationship between China and the U.S., with the goal of bringing manufacturing back to the U.S. and placing "duties on artificially cheap Chinese products."

Because Apple relies on Chinese companies to manufacture its products, Trump's policies could potentially raise the cost of its operations while making its gadgets pricier for consumers. Of course, Trump's ultimate goal would be to use such leverage to force Apple to move its manufacturing operations to the U.S.

"We're going to get Apple to build their damn computers and things in this country instead of other countries," he said in a speech earlier this year.

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Lockheed Martin CEO Marillyn Hewson

ockheed Martin (LMT) CEO Marillyn Hewson may have a problem gaining altitude if Trump is elected. That's because the Republican has vowed to shoot down the defense contractor's F-35 fighter jet if he wins in November.

"When they say that this cannot perform as well as the planes we already have, what are doing, and spending so much more money?" Trump said on a radio show last year.

That would prove to be a financial setback for Lockheed: At a cost of $400 billion, the F-35 program is the most expensive weapons project in America's history, according to The Fiscal Times.

Defense contractors may have a good news/bad news situation with a Trump presidency, however. He has also vowed to rebuild the military, while saying he wants to "look for savings," which may come from asking NATO allies to bump up their own defense spending.

Facebook CEO Mark Zuckerberg

Zuckerberg is no fan of Trump's, and for a reason: His policies would hurt tech businesses like Facebook (FB) by making it harder for immigrants to get visas to work in business hubs like Silicon Valley.

Zuckerberg backs the immigration reform group FWD.us, which wants to ease the path of non-U.S. workers to finding employment in America. That's contrary to Trump's plan, which involves putting up a wall on the Mexican border and ending birthright citizenship.

If Trump becomes president, he would also require companies to hire American workers before turning to noncitizens, which could hamper tech companies, given their reliance on hiring highly skilled engineers and programmers from other countries.

 

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