Robert Thomson, a close ally of Rupert Murdoch and CEO of the media titan’s News Corp, said the initial “turmoil” of Donald Trump‘s time in the White House is certain to calm down in the coming months.
Speaking at the Morgan Stanley Technology, Media & Telecom Conference, Thomson said the whirlwind early weeks of Trump’s second term have unfolded at a pace that cannot be sustained.
He pointed to Monday’s negative reaction to the president’s vow to initiate previously shelved tariffs against Canada and Mexico, calling it a check on the president’s impulsiveness.
The “tariff turmoil” and other sources of “uncertainty” are not “what Chairman Mao used to call a ‘permanent revolution,'” Thomson said. “This is not a permanent revolution.” Instead, the tariffs are “transactional” measures, the exec reasoned, and “there’s a certain method to the madness.
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