CNBC's latest survey of 2,257 US small business owners reveals the heavy impact of trade tariffs introduced by the Trump administration. A striking 66% of these entrepreneurs have either already felt the pressure or expect more challenges soon. 🏦
The survey paints a challenging picture of the current US economy, with only 30% of owners describing it as excellent or good, while 70% rate it as fair or poor. Moreover, 70% anticipate that the US is on track toward a recession, making the future seem quite uncertain. 📉
Political sentiment is also in the spotlight: 51% of respondents expressed dissatisfaction with Trump's performance, and an equal percentage expect that upcoming changes in trade policy will negatively affect their businesses in the coming year.
Much like an unexpected twist in your favorite Netflix series, these findings remind us that even local enterprises can be swept up in global trade currents. Whether you're a budding entrepreneur, a student keeping an eye on economic trends, or just curious about how policies impact everyday life, staying informed is key in these dynamic times!
Reference(s):
cgtn.com
