Despite appearing to be in his element when surrounded by businessmen, the president has struggled with the community as of late.
The president bucked many business industry leaders and influencers in June when he pulled the U.S. from the Paris climate deal.
Business leaders appear to be losing hope in overhauling the corporate tax code, due to a lack of consensus between the White House and lawmakers.
The Journal’s report comes a day before tech executives gather at the White House to discuss methods that can be used to modernize government.
The heads of Amazon, Apple, Microsoft and Google will be present, but Tesla CEO Elon Musk will be noticeably absent after he quit his role in White House business counsels, citing Trump’s decision to withdraw from the Paris climate agreement.