Confidence in the U.S. economy among the nation’s top CEOs hit a 15-year peak in the first three months of the year, the Business Roundtable reported.
BRT's index rose to 118.6 from 96.8 in the previous quarter. CEOs assessed positively tax reform and softening of regulation under the U.S. President Donald Trump.
The CEO survey was conducted in February, before Trump imposed tariffs on steel and aluminum, which could adversely affect the top management sentiment.
By taking measures to restrict international trade, Trump's administration risks undermining economic progress and damaging American workers and companies that depend on foreign trade, Joshua Bolten, president and CEO of BRT, said.