Majority Of US CEOs See Trump's Tariffs Helping

Zero Hedge | 2/14/2019 | Staff
j.moomin (Posted by) Level 3
Click For Photo: https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/max_650x650/public/2019-02/tradewar%203.JPG?itok=WmgqCfpF

A new survey reveals that most American executives see their businesses gaining from a potential increase in tariffs with China than being hurt by it, according to Bloomberg.

Around 59% of approximately 500 firms surveyed during Q4 of last year say they expect profits to benefit under new tariffs on imports - more than double the number who saw a negative impact, according to a UBS Group AG survey released this month. A domestic investment boost was listed as a key beneficiary tariffs negatively impact the cost of doing business abroad.

Survey - Firms - Categories - Companies - Firms

The survey separated firms by four categories and found that larger companies were more optimistic than smaller firms.

"Executives may be overly optimistic but this does support our view that tariffs create the potential for both winners and losers," said chief US equity strategist Keith Parker in a Monday note.

Stock - Market - Tune - Talks

The stock market has been dancing to the tune to trade talks as...
(Excerpt) Read more at: Zero Hedge
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!