BURSTGlobal public company CEOs are expecting the “Trump Effect” to bolster increased hiring and spur greater investment, according to a survey that was released this week.
The poll from Teneo, a global advisory firm, found that following President-elect Trump’s win over Vice President Harris in the 2024 presidential election, some 43 percent of chief executives are planning to increase domestic investment spending while another 34 percent are planning to increase hiring at their companies.
Over one-third of the executives, 36 percent, said that their business strategy following Trump’s victory is increasing and speeding up international investments.
Around 20 percent of the CEOs said they are pausing or slowing down hiring. Similarly, 18 percent of the chief executives said they are halting or slowing down international investments.
Some 17 percent of CEOs said they are not changing their business strategy after Trump’s win in the November contest.
Trump’s proposal of cutting taxes and easing regulations is igniting optimism among executives, according to the survey. Over 64 percent of the respondents said these developments will be a positive influence on their business.
Mid-cap companies, those that have a market capitalization between $2 billion and $10 billion, are expressing more optimism about labor costs and tariffs than their large-cap equivalents. The poll found that 80 percent of executives of mid-cap companies think that an increase of tariffs on imported goods to the U.S. will be a positive development. Only 13 percent of large-cap CEOs said the same.
“This tension highlights the dual impact of such policies, which may create challenges for many businesses, but also may open opportunities for a subset of companies that benefit from reduced competition,” the survey’s authors wrote.
The survey has views of over 300 global public company CEOs and 380 international investors.