RI Businesses Look At Economic Conditions Under President Trump

May 8, 2018

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The economy is staying steady. That’s the opinion of some business leaders in the Ocean State. A new survey, conducted by The Greater Providence Chamber of Commerce, looked at the overall economic conditions under President Trump. 

The Providence Chamber of Commerce sent surveys to roughly 400 business people, who planned to attend the group’s annual breakfast on Monday.  

The survey found that a majority of respondents believe the overall economic conditions under President Trump have improved or remained the same, compared with a year ago. However, more than half disagree with Trump’s plan to impose new tariffs on steel and other products. 

Laurie White, Greater Providence Chamber of Commerce president, said questions about the tariffs are bringing doubt into the next fiscal year. 

"They believe that it puts forth a sense of uncertainty into the marketplace. And in business, uncertainty is something that is not favorably looked upon," White said. 

Tariffs or no tariffs, a little more than half of the businesses surveyed expect the economy to remain about the same over the next 12 months.