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Big Businesses Pinning Hopes on Trump's Economic Shifts
USAFriday, January 3, 2025
Banks and crypto enthusiasts are also excited about potential looser regulations. Bankers celebrated Trump's win, and Wall Street expects stock surges. The crypto world is thrilled and Bitcoin has hit record highs.
Small business owners were happy with Trump's win, but many might be echoing Republican sentiments. Despite political alignments, small businesses already faced inflation and now dread higher costs from tariffs. Companies are already stockpiling goods, which isn't efficient.
Large firms have lobbyists in Washington, but small businesses can't compete. The game favors those who can score exemptions from tariffs and keep costs low, raising their profits.
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