Small business owners across the United States are experiencing a dramatic shift in economic optimism as President Donald Trump prepares to enforce reciprocal tariffs. With April 2 being labeled a “liberation day”, economic sentiment has rebounded sharply, countering earlier recession fears under the Biden administration.
Business Owners See Major Economic Shift Under Trump
During the final years of the Biden-Harris administration, American businesses struggled with inflation, excessive regulations, and economic uncertainty. Now, as President Trump reintroduces tariffs, small businesses are showing a renewed sense of confidence in economic growth.
A new Freedom Economy Index (FEI) survey conducted by RedBalloon and PublicSquare collected data from over 50,000 business owners across 34 states between February 25 and March 7, 2025. The results were striking:
- 68% of business owners expect slow or robust economic growth in the coming months—a stark contrast to the 60% who predicted a recession in October 2024.
- Over 80% of respondents reported that their economic outlook has improved since the 2024 election.
- Only 6.6% of businesses believe economic conditions have worsened.
From the website : Trump Shocks Washington: Biden’s ‘Autopen’ Pardons Voided, Investigations Loom
Trump Declares April 2 a ‘Liberation Day’ for America
Speaking to reporters aboard Air Force One, President Trump made a bold statement regarding his economic policy shift:
“April 2 is a liberating day for our country. We’re going to take back the wealth that past administrations foolishly gave away.”
Trump clarified that he deliberately avoided April 1 as the launch date to prevent April Fool’s Day coverage from distorting the significance of his policies.
Tariffs Are Not a Major Concern for Business Owners
Despite corporate media alarmism, the FEI survey revealed that tariffs ranked last among business concerns. Instead, business owners ranked their top concerns as:
- Inflation
- Taxes
- Regulations
- Recession
Tariffs, which were once seen as a potential economic disruptor, are now viewed as a tool for economic recovery.
Tariff Policies Impact Global Trade and Border Security
Trump’s aggressive trade policies are also yielding results beyond domestic business growth. Recently, Mexico and Canada have taken action on border security issues to avoid additional U.S. tariffs. Additionally, Ontario Premier Doug Ford attempted to pressure the U.S. by threatening the electricity supply of 1.5 million Americans in Michigan, Minnesota, and New York—further proving the global impact of Trump’s economic strategies.
Elon Musk and the Department of Government Efficiency (DOGE)
A standout element of Trump’s administration is his newly created Department of Government Efficiency (DOGE), which has already become a priority focus for business leaders:
- 80% of respondents support reducing wasteful government spending.
- 50% are extremely confident in Elon Musk’s role in overhauling federal inefficiency.
According to the FEI survey, businesses want DOGE to prioritize:
- The Treasury Department and IRS (34% support)
- Health and Human Services (15% support)
- Education and Justice Departments (15% support each)
From the website : Sinema Blasts Democrats Over Filibuster Hypocrisy
Final Thoughts: Trump’s Economic Vision Gaining Support
With Trump’s tariffs taking effect, small businesses are embracing the change and viewing April 2 as a turning point for the U.S. economy. While critics continue to push recession narratives, business optimism is at its highest level in years.
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