U.S. business leaders welcomed the second Trump administration with optimism and expectations of an improved business environment. President Trump moved quickly and boldly to deliver on his campaign promises. In doing so, he introduced an unanticipated level of uncertainty that is causing some businesses to reassess their short- and longer-term plans.
What we’re watching: After President Trump’s first 100 days, the administration’s policies have had varying impacts on different industry sectors, especially in the short term. But the full story is yet to be written, and additional government actions are expected in areas important to business, including tariffs and tax policy. The outcome on these issues will influence future strategies and performance.
Who are the short-term industry winners and losers? As we review in our latest Flash Report, the crypto, financial services, and oil and gas industries are on the winning side, while the airlines, agribusiness, automotive, retail and telecommunications industries are among (but not the only) possible losers. Many industries fall into the “mixed” category. We expect there will be additional shifts as changes are made to the administration’s announced plans and its endgame becomes clearer.
