United States President Donald Trump on Monday said that publicly listed companies should no longer be “forced” to publish quarterly earnings reports. Instead, he suggested a six-month reporting system, subject to approval by the Securities and Exchange Commission (SEC).
“This will save money, and allow managers to focus on properly running their companies,” Trump wrote on Truth Social. He contrasted the US system with China’s longer-term approach, saying, “Did you ever hear the statement that China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!”
Quarterly reporting has been mandatory in the US since 1934, when the Securities Exchange Act was passed. Business leaders have often debated whether the system encourages short-termism, while investors argue it ensures transparency.
Trade talks with China conclude in Europe
In another post, Trump highlighted progress in the ongoing US-China trade negotiations being held in Europe.
“The big Trade Meeting in Europe between The United States of America and China has gone VERY WELL! It will be concluding shortly. A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy!” he wrote.
Trump added that he would be speaking directly with Chinese President Xi Jinping on Friday, stressing that “the relationship remains a very strong one.”
The statement comes amid heightened global attention on trade, tariffs, and technology restrictions, with both countries seeking to balance economic competition and cooperation.
