According to a survey released last week, global public company CEOs anticipate that the “Trump Effect” will lead to increased hiring and greater investment. Conducted by Teneo, a global advisory firm, the poll revealed that following President-elect Trump’s victory over Vice President Harris in the 2024 presidential election, approximately 43 percent of chief executives plan to boost domestic investment spending, while 34 percent intend to expand their hiring efforts.
A particular portion of executives, specifically 36 percent, indicated that their business strategies in light of Trump’s win include a focus on enhancing and accelerating international investments.
Optimism reigns among executives as Trump’s victory fuels business expansion
Conversely, about 20 percent of CEOs reported that they are either pausing or slowing down hiring, and 18 percent are halting or reducing international investment plans. Seventeen percent of respondents stated that their business strategies would remain unchanged after Trump’s victory.
The survey suggests that Trump’s proposals for tax cuts and regulatory relief are fostering optimism among executives. More than 64 percent of those surveyed believe these changes will positively impact their businesses.
Mid-cap companies, which have market capitalizations ranging from $2 billion to $10 billion, exhibit more confidence regarding labor costs and tariffs compared to their large-cap counterparts. The poll indicated that 80 percent of mid-cap executives view an increase in tariffs on imported goods to the U.S. as a favorable development, whereas only 13 percent of large-cap CEOs share this perspective.
The authors of the survey noted, “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 incorporates insights from over 300 global public company CEOs and 380 international investors.
