Markets hate uncertainty. They are not inclined to invest in high-cost jurisdictions, and resent being twitter-lashed into doing something that goes against the well-being of the shareholders. But they don't want to invest in Mexico either if the punitive tariffs can't be averted. So what's a CEO to do? Well, stop investing, stop growing, stop hiring. Buy back equities and pay off debt since the greenback is going to appreciate in the short run and take the interest rates with it.

And now the CEOs are being caught between a rock and a hard place as stakeholders around the globe insist that they address the morality and ethics of the immoral and unethical.

Trump may find out soon that even though he's the president, he is not really welcome after all in the Billionaires Boys Club.