Former U.S. President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate he lowered while in office, while President Joe Biden's chief of staff separately told them that the Democratic incumbent's emphasis on global alliances would help their businesses.

Both Trump, the presumptive Republican nominee, and Jeffrey Zients met behind closed doors on Thursday with the Business Roundtable in Washington, with Zients stepping in for Biden during the president's meetings with Group of Seven leaders in Italy. The prominent group representing more than 200 CEOs just rolled out an effort to preserve the tax breaks for businesses that Trump signed into law in 2017.