Tougher stance on Trump is 'very good for business', says JP Morgan's Europe boss as CEOs welcome tariff U-turn

January 22, 2026

TL;DR

Top CEOs expressed relief after President Trump abandoned plans for further European tariffs.
European markets rebounded following the announcement, with auto stocks seeing significant gains.
European leaders' coordinated stance against Trump's tariff threats was seen as positive for business.
Geopolitical instability and regionalization remain key concerns for businesses, driving a focus on resilience.
Executives noted the importance of AI, deregulation, and localized supply chains for European companies.
There is a perception that Trump's aggressive proposals are opening gambits, followed by calculated retreats.
Investors are learning to look past Trump's rhetoric and focus on market sensitivity.

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