Hoosier State Today

Amid a fluctuating trade environment, the Indiana Chamber of Commerce initiated an online survey for member companies across the state. Within two days, nearly 200 business leaders participated, reflecting strong sentiments regarding proposed tariffs.

"The big picture takeaway is America’s trade imbalances are very real," stated Indiana Chamber President and CEO Vanessa Green Sinders. She noted the concern over imposing tariffs broadly, especially against allies, and welcomed President Trump's announcement of a 90-day pause on non-China tariffs.

The survey revealed significant concerns among the business community. Eighty percent of respondents were concerned about the tariffs, with nearly 65% expressing they were "very concerned." A minority, 20%, were neutral or unconcerned.

Regarding support for the tariffs, 33% backed President Trump’s actions, citing unfair trade deals and a willingness to accept short-term hardships for improved future trade deals and domestic investment. However, 66% worried the risks were too great, with 41% fearing difficult business decisions if tariffs escalated.

Participants ranked "overall increased business costs" as their top concern (68%), followed by a "shrinking product/consumer market" (50%) and "supply chain disruptions" (39%). Other concerns included "delayed capital investments" (27%) and "workforce layoffs" (17%).

The survey also explored the impact of tariffs from various countries. Canada was identified by 28% as having significant implications, followed by China (25%), the European Union, and Mexico each at 12%. Over 20% indicated multiple countries would impact their operations.

Sinders remarked the survey would remain open and that its findings would be shared with Indiana’s congressional delegation. The intention is to bolster the business community with a focus on growth. The survey aims to guide the Indiana Chamber in assisting member companies during this uncertain period.

The survey included companies of different sizes. Small businesses with 100 or fewer employees made up 58% of respondents, with 44% having less than 50 workers. Larger businesses with 101-500 employees comprised a quarter of respondents, and 15% were major employers with over 500 employees.