Tariffs Drive Business Concerns, Inflation Fears
Businesses worldwide are expressing growing concerns about tariffs, with 58% believing they will drive up inflation. A survey of 444 companies reveals that 37% are significantly more worried about tariffs than six months ago.
The impact of tariffs is multifaceted. A majority (77%) expect inflation to rise due to these trade barriers. In response, 45% of companies are increasing or planning to increase prices. Higher input costs are the main challenge reported by companies (58%).
Tariffs are also influencing long-term business decisions. While 45% of businesses said tariffs are shaping their investment and expansion plans, uncertainty in long-term planning is the second major concern (54%).
The survey underscores the significant impact of tariffs on businesses globally. As concerns continue to rise, companies are grappling with higher costs, inflation, and uncertainty, which may lead to price increases for consumers.
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