"A supermajority of 86% of US executives surveyed by PwC expect tariffs to remain a 'permanent planning assumption' for their businesses, indicating a significant shift in outlook."
"Rohit Kumar from PwC noted that the expectation is tariffs will last 'beyond the current administration,' reflecting a breakdown in support for free trade agreements compared to two decades ago."
"Trump's second term has seen an increase in tariffs, including universal tariffs of 10% to 15%, which have affected a wide range of goods and services."
A recent PwC survey reveals that 86% of US executives anticipate tariffs will remain a permanent consideration in their business strategies. This expectation reflects a significant shift from previous administrations, with many leaders believing that current tariffs will persist beyond political changes. Despite initial opposition to tariffs, the Biden administration maintained many of Trump's tariffs and introduced new ones. The survey indicates a growing pessimism regarding the rollback of tariffs, as business leaders adjust to a landscape where tariffs are increasingly normalized.
Read at www.businessinsider.com
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