that"an uncertain outlook for trade policy gives companies in all industries a reason to delay investments while they wait to see how trade-policy disputes unfold."
Back to 2022. As shown in the chart below, data from the Federal Reserve Bank of St Louis shows that President Joe Biden’s anti-business sentiment and his war against fossil fuel energy are causing business to delay investment. The CEOs of America's largest businesses, who make the investment decisions, are pessimistic about the economy, not only because of rapidly rising interest rates but also because the Biden administration is interfering with the pricing mechanism through rhetoric and through anti-business actions by various administrative agencies. The chairwoman of the FTC rejects free market capitalism. The National Labor Relations Board is subverting the union voting process.