More than 60% of U.S. small business owners now harbor doubts about the nation's economic trajectory, with many raising alarms over escalating tariff pressures and recession fears, according to a CNBC survey released Friday.
The findings reveal a sharp decline in confidence following recent political transitions, with 66% of respondents reporting actual or anticipated financial strain from tariffs. Nearly 70% fear the economy is sliding toward a recession, while only 30% described current conditions as positive.
Uncertainty around trade policy emerged as a critical pain point, with 51% expecting new regulations to harm operations within the next year. Rising inflation and fluctuating consumer demand compounded anxieties, leaving over 60% of owners significantly stressed about business and personal finances.
Analysts note this outlook mirrors wider debates about trade's role in global economic stability — a concern likely to resonate with Asian markets deeply integrated with U.S. supply chains. The survey underscores how policy shifts in Washington ripple through Main Street businesses, potentially influencing international partnerships and investment flows.
