Trump shuts down business advisory councils after business leaders resign

President Donald Trump

Jabin Botsford | The Washington Post | Getty Images President Donald Trump

The President's Strategic and Policy Forum was conceived as a bi-partisan group of business leaders called to serve our country by providing independent feedback and perspectives directly to the President on accelerating economic growth and job creation in the United States.

"What about the alt-left that came charging at the - as you say, the "alt-right"?"

President Trump's two business councils were already on shaky ground Wednesday. "I am ending both", he wrote.

As reported by the New York Times on Wednesday, the president's Strategic and Policy Forum held a conference to discuss whether or not to disband itself, the CEOs being unsure of how to respond to the uproar over the president's equivocation around the violence in Charlottesville.

It also marks a rapid descent for a president who has alternatively praised and attacked the decisions of corporate leaders, sometimes making unverified or false claims, and whose policy choices on issues such as immigration and climate change have been criticized as anti-business.

The White House confirmed on Thursday that the infrastructure council would be stood down.

On Wednesday, AFL-CIO president, Richard Trumka, and deputy chief of staff Thea Lee quit the council, blasting the former real estate mogul as a figure "who tolerates bigotry and domestic terrorism" whose comments "repudiate his forced remarks" delivered earlier denouncing the Ku Klux Klan and neo-Nazis.

WASHINGTON-With corporate chieftains fleeing, President Donald Trump abruptly abolished two of his White House business councils, an attempt to manage his increasing isolation and the continued fallout from his combative comments on racially charged violence in Charlottesville, Va. Trump lashed out at the decision, criticizing Merck for boosting drug prices.

Johnson & Johnson chief executive Alex Gorsky, who had previously said he would remain on the manufacturing council in order to have a voice at the table, announced Trump's latest remarks were not sustainable.

"This calls into question the ability of the Trump administration to get anything done in terms of tax and infrastructure reforms", said John Doyle, director of markets at Tempus Consulting.

The decision to disband was agreed and Schwarzman called the White House to inform the president, the source said.

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