Under Armour CEO steps down from Trump's American Manufacturing Council

Donald Trump Kenneth Frazier Mark Fields

Kevin Plank, the CEO of Under Armour, announced he is stepping down from President Trump's American Manufacturing Council.

By contrast, CEOs who quit the manufacturing council for political reasons risk a barrage of angry tweets from Trump and may have less leverage to pursue their corporate goals in Washington down the road. "Grandstanders should not have gone on", Trump lamented yesterday on Twitter, before following this up several hours later with an announcement that the councils would be ended.

More business leaders have added their names to the growing list of executives who have resigned from President Trump's manufacturing council, as members from Campbell Soup and 3M stepped down Wednesday.

"With more than 100,000 employees in the United States, it is important for GE to participate in the discussion on how to drive growth and productivity in the US" the company said in statement Monday.

"Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES!" the USA president said.

They know that working with a President who gives cover to white supremacist violence and terror is bad for America and they recognize that Trump's presidency is not business as usual, but represents a unsafe threat to pluralism and democratic values.

While the strategy group was weighing its future in private, one executive after another began to pull out of Trump's manufacturing council, condemning the president's statement on white supremacists.

"JOBS!" Trump tweeted, moments before Paul announced his decision. Today, Scott Paul, president of the Alliance for American Manufacturing, also left.

The shrinking support for Trump comes as many Republicans are questioning his policies amid spectacular failures on key legislative initiatives, mounting evidence of criminal misconduct with Russian Federation during the campaign and emerging threats of war in various parts of the globe.

Tesla founder Elon Musk left the manufacturing council and another presidential advisory group in June, citing his disagreement with Trump's decision to withdraw the US from the Paris climate accord.

While the statement did not directly mention the white nationalist attack on counter-protesters in Charlottesville, many saw coded language referencing the heinous event.

President Donald Trump shakes hands with Merck CEO Ken Frazier in happier days.

What do the CEOs serving on the council say?

The president followed up later in the day, tweeting that Merck "is a leader in higher & higher drug prices while at the same time taking jobs out of the U.S. Bring jobs back & LOWER PRICES!"

SpaceX founder Elon Musk and Disney CEO Robert Iger bowed out of their respective positions when Trump said he would pull the USA out of the Paris climate agreement.

While it saw some early successes, with companies like Ford and Foxconn announcing the construction of large new factories in the U.S., as Trump's leadership erodes, this agenda could be put under pressure.

The CEOs remaining on the advisory group - including those from Dow Chemical Co., General Motors Co. and General Electric Co. - all have their own "risk calculations" to make, said John Rice, CEO of Management Leadership for Tomorrow, a nonprofit group that helps companies, including Goldman Sachs Group Inc. and Alphabet Inc.'s Google, find minority talent.

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