CEO

"I would expect them to be surgical in nature," says Brandon Daniels, CEO at Exiger, a risk and compliance firm specializing in areas such as supply chains.

As the longtime CEO of the investment firm Cantor Fitzgerald, Lutnick is at least experienced at running a large organization so that appointment makes some sense.

“If you had that document with that exact verbiage issued by a CEO of a publicly traded company, they would be charged with fraud in two seconds. That is insider trading.”

Born Baptist and a convert to Catholicism, McMahon has significantly greater experience in business, including being the longtime CEO and president of the World Wrestling Entertainment Inc.

Across-the-board tariffs would be "a tax on American families," NRF CEO Matthew Shay said earlier this month.