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U.S. economy perked up after cold snap, but business leaders worry about Trump trade wars and government spending cuts


Published on 2025-03-24 15:42:34 - MarketWatch
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  • Business leaders dialed back their plans for 2025 and grew more cautious as a series of trade wars threatened by President Donald Trump raises worries about customer demand and higher inflation.

The U.S. economy showed signs of recovery following a cold snap, with business activity picking up as reported by the Federal Reserve's Beige Book. Despite this uptick, there are growing concerns among business leaders about potential trade wars, particularly if former President Donald Trump were to return to office, given his past policies on tariffs. Additionally, there is apprehension regarding government spending cuts, which could impact economic growth. The Beige Book highlighted that while some regions experienced a rebound in economic activity, others noted a slowdown, reflecting a mixed economic landscape. Business leaders are also worried about the implications of these political and economic uncertainties on future investments and consumer spending.

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[ https://www.msn.com/en-us/money/markets/u-s-economy-perked-up-after-cold-snap-but-business-leaders-worry-about-trump-trade-wars-and-government-spending-cuts/ar-AA1ByDss ]