A recent CNBC survey reveals growing unease among US small business owners as trade tariffs and economic pessimism reshape their outlook. The study, conducted April 21–25 among 2,257 respondents, shows 66% anticipate existing or future negative impacts from tariffs introduced during the Trump administration – a policy echo still rippling through global supply chains.
Only 30% rated the current US economy as 'excellent' or 'good,' while 70% expressed concerns about a potential recession. This sentiment aligns with global market anxieties as stakeholders in Asia monitor how US economic decisions could influence regional trade dynamics.
Trade Policy Crossroads
With 51% of respondents expecting upcoming trade policy changes to harm their operations within a year, analysts suggest Asian exporters and investors should brace for shifting patterns. Tariff-driven cost increases could accelerate supply chain diversification, potentially benefiting Southeast Asian manufacturing hubs.
Political Discontent Meets Business Realities
The survey also highlights political dimensions: 51% disapproved of former President Trump's performance, while equal numbers anticipated negative trade policy impacts. This dichotomy underscores challenges for businesses navigating geopolitical tensions affecting US-Asia commerce.
