An advisor on Donald Trump’s business council is voicing concerns with the President’s approach to Mexico.
Larry Fink, CEO of BlackRock (BLK, -0.62%), met with Trump last week as part of the President’s Strategic and Policy Forum, along with other members, including Tesla (TSLA, +3.70%) CEO Elon Musk and J.P. Morgan (JPM, -0.88%) CEO Jamie Dimon. Fink, who presides over BlackRock’s more than $5 trillion in assets under management, appears to have left the meeting with serious misgivings about the direction President Trump is headed.
Speaking at the Yahoo Finance All Markets Summit on Wednesday, Fink said he is worried that the Trump administration’s anti-globalization and protectionist policies could be dangerous to BlackRock, a global business with clients across more than 100 countries and offices in 30 of them, as well as to the overall stock market.
“For our business to succeed in Mexico, we have to be Mexican,” Fink said, explaining that BlackRock can’t operate simply as an American company if it expects to grow in foreign markets.