Business confidence is heavily hit and planning becomes very difficult when CFOs doesn't know where tariffs and economic conditions will end up at a year from now. I've seen this movie before in other countries when investment spending evaporated on policy uncertainties. I worry the damage to balance sheets when interest rate comes down slower than the speed at which margin and free cash flow declines. Hope I am wrong!
Indeed. Unfortunately, our President shows a great example of how the US cannot be trusted as partners. As Paul Krugman says, it is the uncertainty of policy that is killing confidence and business planning -- the hard data has already turned (down), and if the tariffs situation is not settled more quickly, the damages cannot be reversed!
Business confidence is heavily hit and planning becomes very difficult when CFOs doesn't know where tariffs and economic conditions will end up at a year from now. I've seen this movie before in other countries when investment spending evaporated on policy uncertainties. I worry the damage to balance sheets when interest rate comes down slower than the speed at which margin and free cash flow declines. Hope I am wrong!
Indeed. Unfortunately, our President shows a great example of how the US cannot be trusted as partners. As Paul Krugman says, it is the uncertainty of policy that is killing confidence and business planning -- the hard data has already turned (down), and if the tariffs situation is not settled more quickly, the damages cannot be reversed!