President Donald Trump faced more than 100 Top businessmen on Tuesday, with executives seeking market stability, while his trade war shook confidence in the US economy. On the contrary, it offered more “installments” than the uncertainty already shaken by the stock markets, saying that tariffs could exceed 25%.

‘They don’t want to pay 25 percent or whatever’, Trump said of companies importing goods in the United States at a meeting of Business Roundtable, whose board members include Cisco’s Chuck Roskins, Apple’s Tim Cook and Jamie Dimon of JPMorgan Chase. “May rise higher (duties). Look, the higher they go up, the more likely they are to build domestic factories. ”

Trump’s abrupt and variable import duties have raised great concern on Wall Street, although most executives have avoided publicly criticizing the White House. Journalists were removed from the meeting after the first question, however, to a change from the original timetable.

The growing sense that Trump means he will use sweeping duties to change the data in the world economy – something that many business leaders and Wall Street officials hoped to prove to be a “bubble” of the election campaign – led to a steep sale On the Stock Exchange last week, which continued early Tuesday afternoon. During his first weeks, Trump has imposed duties on more goods than throughout his first term, with about $ 1 trillion being subject to import duties so far.

Trump did not show signs of relaxation on Tuesday, doubling duties in Canadian steel And aluminum – before receiving after a reconciliation telephone call from an Ontario official, in yet another of the rapid policy reversals that contributed to Wall Street concern. He also downgraded market reaction and said he was committed to his policy with a long -term goal.

“The markets will go up and fall, but you know something, we have to rebuild our country.”he told reporters on Tuesday afternoon. “In the long run what I do is make our country strong again.”

The unpredictable US president has shaken investors, who generally prefer stable economic policies to evaluate future profits.

‘On the part of the business, It is paralytic that you do not know how, if, where, or how much to invest – And uncertainty is caused by duties and non -understanding Trump’s intention. Uncertainty is just as bad as duties in itself from perspective growth ‘, Donald Schneider said, who served as a top Republican assistant to a House of Representatives and is now deputy head of US policy at investment bank Piper Sandler.

Trump offered little consolation to business leaders in recent days, saying that does not pay attention to the stock market, While it increases duties to US trade partners, even when Wall Street is shaking. Last week, the president applied 25 percent duties to the country’s two largest trading partners, Canada and Mexico, before revising these plans so as not to influence the goods imported in the context of the North America commercial agreement achieved during his first term. He also added 10% to customs duties to all Chinese products last week, raising the total tax to some imports from China to 45%.

‘Business leaders, CEOs and business managers are nervous, to the limits of fear, With the policies they are implemented, how they are implemented and what are the consequences. There is overwhelming uncertainty and increasing discomfort in the way that politics is applied. ‘ Mark Zadi, chief economist at Moody’s Analytics, noticed. “No one says this loudly, but everyone says it in private conversations.”

A US Bank executive, speaking on condition, noted that it is clear that investments are stopping in confusion about the final outcome of Trump’s tariff policy.

White House spokeswoman Caroline Levit refused to clarify how much the shares would have to fall to review his duties by Trump.

‘If people seek certainty, it will have to look at the history of this president, ‘ he said. He described the Stock Exchange’s falls “a photo of one moment in time” and essentially reiterated the Trump statement that “we are in a transitional period”.

White house official refused to clarify how long this period would last.

Members of Business Round Table meet presidents regularly. But Tuesday’s meeting came in a moment of particular concern for executives and investors who are struggling to evaluate the impact of Trump’s duties.

“There was a consensus that they had to emphasize the need for a little more predictability,” said a lobby of one of the member companies, speaking on the condition of anonymity. “How are you doing this with this president?”