Seventeen other members of the manufacturing council either have told CNNMoney that they will stay or have not answered a request for comment. With the wheels coming off the CEO train, Trump tweeted that he was ending both advisory groups.
He also had lashed out at the original CEOs who quit the council, calling them "grandstanders".
In addition to Manufacturing Council, President Trump had created the Strategic and Policy Forum to gain perspectives from business leaders on how to create jobs and boost economic growth and productivity. He had said previously that while he disagrees with the president from time to time, he views his service on the council as a patriotic duty.
Under pressure, President Trump made his condemnation of the Charlottesville violence more specific on Monday, naming white supremacists, the Ku Klux Klan and neo-Nazis.
"Whereas the president could have claimed to learn from the council, now it seems that he only listens when they agree with his opinion".
Joseph Dunford, chairman of the US Joint Chiefs of Staff, told reporters in Beijing: "I can absolutely and unambiguously say that there is no place, no place, for racism and bigotry in the US military or in the United States as a whole". "The equal treatment of all people is one of our nation's bedrock principles".
The CEOs remaining on the advisory group - including those from Dow Chemical, General Electric and Wal-Mart Stores - all have their own "risk calculations" to make, said John Rice, CEO of Management Leadership for Tomorrow, a nonprofit that helps companies, including Goldman Sachs Group and Alphabet Inc.'s Google, find minority talent.
"Fanning divisiveness is not the answer", Dimon said.
The decision came as the White House tried to manage the repercussions from Trump's defiant remarks a day earlier.
"I condemn the violence this weekend in Charlottesville, Virginia", Chief Executive Andrew Liveris said in a statement.
A growing number of business leaders on the councils had openly criticized his remarks laying blame for the violence at a white supremacists rally on "both sides".
The AFL-CIO's president Richard Trumka, who is also a member of Trump's manufacturing council, denounced the actions of protesters in a statement Monday, saying "we are aware of the decisions by other members of the President's Manufacturing Council, which has yet to hold any real meeting, and are assessing our role".
The manufacturing council hasn't met since February.
About 15 minutes earlier, Trump bashed the heads of Merck, Under Armour and Intel, suggesting he had a deep pool of backups and that CEOs were a dime a dozen.
The chief executive of 3M is resigning from the president's Manufacturing Jobs Initiative panel, saying it is no longer an effective forum for the company to advance its goals.
Scott Paul of the Alliance for American Manufacturing announced Tuesday on Twitter, "I'm resigning from the Manufacturing Jobs Initiative because it's the right thing for me to do".