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In March, Massachusetts business confidence fell to its lowest point in the last five years over a number of concerns but largely centered on President Donald Trump's plans to impose tariffs, although confidence among Central Massachusetts business leaders rose, according to the Associated Industries of Massachusetts. The implementation of those tariffs, the removal of some of them a few days later, and then increasing tariffs between China led the stock market on a wild ride in the past two weeks, as investors worry about the short-term and long-term impact on global trade.
In March, Massachusetts business confidence fell to its lowest point in the last five years over a number of concerns but largely centered on President Donald Trump's plans to impose tariffs, although confidence among Central Massachusetts business leaders rose, according to the Associated Industries of Massachusetts. The implementation of those tariffs, the removal of some of them a few days later, and then increasing tariffs between China led the stock market on a wild ride in the past two weeks, as investors worry about the short-term and long-term impact on global trade.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Deborah Graham
Yes, I'm pessimistic. Fidelity sent my IRA account balance! It lost money (a LOT of money) this year already. It will be hard to make up the money I lost in the first quarter (as I'm not contributing to the IRA as I am now covered with a 401(k) plan at work). Luckily, that is not my only retirement savings (even though my 401(k) took a big dip this quarter, too it only (?) lost about 10% of its total balance. As I am still working, I hope to be able to fill that gap in a year or two to at least get back to where I was before President Trump took office.