Facing huge policy uncertainties, American companies are pessimistic about the economic outlook.

The US government's arbitrary wielding of the "tariff stick" against trading partners has been widely questioned within the United States. Trade conflicts have caused pessimism about the economic outlook to continue spreading among American businesses and industry insiders, bringing huge uncertainty to the US economy. The US economic research institution, the World Federation of Large Enterprises, recently released data showing that in the second quarter of 2025, the CEO Confidence Index in the United States dropped from 60 points to 34 points, the lowest level since the fourth quarter of 2022, and the largest quarter-on-quarter decline since the survey began in 1976. It is widely believed that an index below 50 indicates that CEOs are pessimistic about the economic outlook.