Hey everyone! A fresh survey by CNBC reveals that a whopping 66% of U.S. small business owners have felt or expect to feel the pinch from tariffs. Many are pointing to uncertain trade policies as a key factor putting the squeeze on their businesses.
According to the survey, only 30% of respondents rate the current state of the economy as excellent or good, while 70% consider it merely fair or poor. With concerns swirling around inflation and consumer demand, more than 60% are stressed about their financial situations. 😬
As the new U.S. administration takes office, the mood is far from optimistic. A significant 51% expect upcoming changes in trade policy to negatively impact their operations over the next year, and 70% fear that a recession might be on the horizon. 🚨
This story not only highlights the economic challenges faced by small businesses but also serves as a wake-up call for those keeping an eye on the broader market trends. Stay tuned as this situation develops!
Reference(s):
Over 60% of U.S. small businesses pessimistic about U.S. economy
cgtn.com
