Sonya Ravindranath Waddell

2 months ago | richmondfed.org | Zach Edwards |James Melton |Sonya Ravindranath Waddell

What we know about how Fifth District businesses are reacting to the threat of tariffs Regional Matters February 6, 2025 IntroductionDecember data from our monthly business surveys and fourth quarter data from The CFO Survey suggested that firms were optimistic about their own businesses and the overall economy going into 2025. This rise in optimism, however, was accompanied by several concerns. One concern was the potential for additional tariffs on imports.