Trump’s trade war to hit 65% of global business leaders: CNBC survey

Leah Millis | Reuters

President Donald Trump addresses a meeting of the National Space Council in the East Room of the White House in Washington, June 18, 2018.

Still, 60 percent of North American CFOs say the full benefits of the Trump tax cuts remain, regardless of the trade risks. Forty percent say that uncertainty around trade is hurting their firm’s ability to take full advantage of tax reform.

And despite the trade uncertainty, the CFO Council’s global economic outlook remains rosy. Not one global region was seen as worse than “stable” for the sixth straight quarter. The United States was seen as “improving” for the eighth straight quarter.

(Note: The CNBC Global CFO Council represents some of the largest public and private companies in the world, collectively managing more than $4.5 trillion in market capitalization across a wide variety of sectors. Forty-three of the 103 current members of the CNBC Global CFO Council responded to this quarter’s survey, including 20 North American-based members, 17 EMEA-based members and 6 APAC-based members. The survey was conducted from June 1–17, 2018.)

Complete survey results below: