The Trump administration’s trade policies are starting to weigh on executives’ plans for investment and hiring, one of Washington’s largest business groups reported on Monday, showing how escalating tariff battles are changing the mood in US boardrooms.
As the latest 10 per cent tariffs on $200bn of Chinese imports went into effect, almost two-thirds of chief executive officers polled by the Business Roundtable reported that such measures would have a moderately or significantly negative effect on their companies’ investment plans over the next six months.
“Almost none of our companies see it as a positive,” Joshua Bolten, the BRT’s chief executive and former chief of staff to George W Bush, said of Donald Trump’s trade strategy.
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