All the Trump’s policies either its trade policy, budget policy or immigration policy, business economists seem to be unhappy with everything he does. According to the latest survey conducted by the National Association for Business Economics, 91 percent of the respondents believe that the current tariffs and threats of more to soon hit the US are having quite unfavorable consequential impacts on the economy. This was stated in the report that was released on Monday.
As per the survey, two-thirds of the participants believe that if the US withdraws from the Free Trade agreement that is put forth by North America with Mexico and Canada, the effects will be drastic.
Since the increase in the large tax cuts in 2017, more and more people have started to believe that the policy is too stimulative. To be exact the number of people who have started to believe this has gone up from 52 percent to 71 percent.
According to the recent reports, the revised policies are doing well to deliver short-term results, however, the economists are still worried about its long-term benefits. They elaborated that they have evidenced the effects diminishing over the period of time as the government has been getting under more and more debt.
The response towards the news policy is mixed. Where it is concerning many, there it seems like two third of the US corporate tax system believes that this new Tax cuts and Jobs Act has brought improvement to the US economy in terms of equity and efficiency while 25 percent people believe that this has worsened the situation.
See What Federal Reserve has to say about this?
According to the forecaster on the Federal Reserve, around 76 percent of them are stating the monetary of the US is being put on the right track and 19 percent of the respondents believe that the policy is too stimulative. While this is that, 4 percent of them also stated these policies as “too restrictive”.
The response towards the new US policies is mixed and tangled. Some believe it to be a great move while others are looking at it as a bizarre move towards falling of the economy.