While Trump tries to have it both ways, others are taking a stand. A number of prominent American businessmen, including JPMorgan Chase & Co.’s Jamie Dimon and Ford Motor Co.'s Bill Ford, have withdrawn from the Future Investment Initiative, a gathering in Riyadh hosted by Crown Prince Mohammed bin Salman.
Companies like BlackRock Inc. and Siemens AG, whose leaders are slated to attend, have said they are “monitoring the situation,” suggesting they have some anxiety over the reputational risk they incur by associating with the prince, who is better known by his initials MBS.
Global media firms, among them CNN, the New York Times, Nikkei, the Financial Times, and Bloomberg, have pulled out of the event as media partners. Treasury Secretary Steve Mnuchin hasn't yet canceled, but the optics of his attendance won't flatter the Trump administration.