Overview

• At a Yale CEO Caucus, 71% said recent U.S. tariffs have harmed their businesses, with costs falling on consumers and importers.
• 62% reported no plans to increase investment in U.S. manufacturing or infrastructure, citing uncertainty tied to tariffs and immigration policy.
• Executives criticized government industrial interventions, citing a U.S. “golden share” in U.S. Steel and revenue‑sharing conditions on Nvidia’s overseas chip sales.
• 80% said presidential pressure on the Federal Reserve is not in the nation’s long‑term interest, and 71% said the Fed’s independence has been weakened.
• Many voiced concerns only in private for fear of retaliation, even as nearly three‑quarters expressed confidence in America’s long‑term competitiveness.