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25% of Businesses Cut Hiring Amid Trade War Fears

3/26/2025

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Summary

Story summary

A Duke University survey shows 25% of U.S. businesses have cut hiring due to trade war concerns.
Economic optimism has dropped significantly, with executives uncertain about tariffs' future impact.
90% of CFOs anticipate tariffs will drive inflation, affecting capital spending and hiring.
Consumer confidence has fallen to its lowest level since January 2021, raising economic concerns.

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Story summary

A Duke University survey shows 25% of U.S. businesses have cut hiring due to trade war concerns.
Economic optimism has dropped significantly, with executives uncertain about tariffs' future impact.
90% of CFOs anticipate tariffs will drive inflation, affecting capital spending and hiring.
Consumer confidence has fallen to its lowest level since January 2021, raising economic concerns.