CEOs confidence drops in second quarter on concerns over Trump trade

[DonViejo]

Source: The Hill



BY VICKI NEEDHAM - 06/05/18 10:03 AM EDT

Economic confidence for the nation’s top CEOs fell in the second quarter for the first time in nearly two years over increasing concerns about the Trump administration’s direction on U.S. trade policy.

The Business Roundtable’s April to June economic outlook survey released on Tuesday dropped to 111.1, declining 7.5 points from 118.6 in the first quarter, which was a record high hit as Congress and President Trump adopted a Republican tax package.

“We continue to see strong CEO plans in the second quarter of 2018, but uncertainties about trade policy are a growing weight on economic progress, especially amid escalating trade tensions,” said Joshua Bolten, BRT’s president & CEO. Bolten said that nation’s economic future hinges on productive talks with China and a successful modernization of the North American Free Trade Agreement (NAFTA).

The latest CEO survey shows that their plans for hiring dipped slightly to 95.5, down 3 points from the previous quarter.

Read more: http://thehill.com/policy/finance/390731-ceos-confidence-drops-in-second-quarter-on-concerns-over-trump-trade

[heaven05]

1. really?

they wanted the clown as potus, now they should get "over it". So should all the red state voters that will be affected by this potus and his insanity. His daughter will benefit, russia will benefit, china will benefit. The CEO's and their companies won't and our prices for goods and services out here in society? Just watch them go through the roof.

We, the everyday american citizen struggling to pay the bills are going to get screwed royally by this clown and his grand old party of greed and avarice.