If you spent decades building a transoceanic supply chain and are now unsure the US government will let you use it, then your best bet is to postpone investment decisions until you have clarity. Allowing “clarity” isn’t in the Trump playbook. But without it, every path leads downhill.
Allowing “clarity” isn’t in the Trump playbook. But without it, every path leads downhill.Back in June, I reported the Business Roundtable’s CEO Economic Outlook Index had fallen for five consecutive quarters. Now it’s six.
On the other hand… confidence can drop fast. CEOs were still relatively optimistic well into 2008—about like they are now. Then they suddenly weren’t.Some 55% of finance chiefs became more pessimistic last quarter. They predict less than 1% capital spending growth over the next year. The CFOs say “economic uncertainty” is now their biggest concern.One of Trump’s first trade moves was to “help” American steel producers with import tariffs.
This is what I keep saying. Tariffs aren’t the main problem. They’re not great, but businesses could adapt.. This makes business planning impossible and, as that trader says, stifles demand.In a rational world, the powers-that-be would see their strategy isn’t achieving the desired results and try something different. Unfortunately, it isn’t happening that way. More like the opposite.
That’s another way of saying the Trump base is all aboard. Other surveys show even suffering Midwest farmers often still support agricultural tariffs.
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