WASHINGTON (Reuters) – Amid the concerns over the administration’s trade policy, eliminating many of President Donald Trump’s election victory in November, the US small business confidence in February diminished for the third month.
The National Federation of Independent Business said on Tuesday that its smaller business index fell to 100.7 last month, down 2.1 points. It showed a reduction in both the stock market, along with consumer and business confidence, which has erased Trump’s so -called collision. The NFIB uncertainty index increased by 4 points to 104, which is the second largest on record.
NFIB Chief Economist Bill Dinkalberg said, “Uncertainty on Main Street is high and growing without clarification.” Small business owners tilt the Republican.
The Trump administration’s Wiplish trade policy, which is again marked by Canada and Mexico, once again marked by rates, has caused problems in businesses, economists have said that uncertainty is making it difficult for companies to plan ahead.
Along with suspended taxes, they are already at risk and duties, which makes consumers expect more inflation next year and beyond.
The NFIB survey said that the share of the average price hike last month fell 10 points, which has increased the largest increase after April 2021.
Prices have increased frequently in finance, wholesale, agriculture, retail, construction and manufacturing industries.
The proportional planning prices increased by three points to 29 %, the highest study in 11 months.
The share of the economy is expected to reach 10 points. The proportion says it is now a good time to increase their business, which has dropped to 12 %, the biggest decline after April 2020.
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