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The mounting risks to US exceptionalism

Trump’s fire hose of policy changes could make companies more cautious on spending and investment

The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy

Imagine trying to make important business decisions in the US with long-term consequences amid the fire hose of news and policy changes coming out of Washington right now. Understandably some corporate leaders might be cautious. How much so is an uncertainty that comes on top of a global economic and financial outlook that is, already, far from normal.

Many in the US business community were originally very enthusiastic about the new Trump administration but the current situation is starting to fuel worries that companies may take more of a wait-and-see attitude on investment and spending more generally.

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