00:00It's Benzinga bringing Wall Street to Main Street.
00:02Wall Street's top executives have expressed support for Donald Trump,
00:05despite concerns over his trade policies, according to the Financial Times.
00:09Blackstone CEO Stephen Schwarzman said tariffs would ultimately boost U.S. manufacturing,
00:14calling it a good thing for the world.
00:16Goldman Sachs CEO David Solomon acknowledged the business community's desire for lower tariffs
00:22and praised Trump's engagement with executives and deregulation efforts.
00:26Trump's 25% tariffs on steel and aluminum imports took effect,
00:30prompting retaliation from the EU and Canada.
00:33Solomon expects IPO activity to rise in 2025 as regulatory burdens ease.
00:38Trump defended tariffs as a means to drive domestic job growth.
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