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Businesses sound alarm as Trump tariffs prompt consumers to cut spending

Stephen Moore, a former adviser to Donald Trump, said the economy is "very wobbly" due to recent poor job reports and the ups and downs of stock markets related to tariffs.
The YouGov/The Economist poll revealed that 54% of registered voters oppose 25% tariffs on imports from Canada, while 49% oppose them on Mexico.
Ontario Premier Doug Ford warned that Trump could lead to a recession and announced a 25% tariff on electricity supplied to the U.S.
Secretary Howard Lutnick claimed on NBC that there will be no recession in America and suggested that American goods will become cheaper despite potential increases in foreign goods.

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Lake County Record-Bee

+2 Reposted by 2 other sources

Trade war threatens to rekindle inflation that economists believe ticked lower last month

By CHRISTOPHER RUGABER, Associated Press Economics Writer WASHINGTON (AP) — U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump’s tariffs are widely expected to keep prices elevated in the coming months. On Wednesday, the Labor Department is expected to report that in February the consumer price index rose 2.9% from a year ago, according to economists surveyed by FactSet. That would be down …

4 hours ago

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South China Morning Post

Should US be pinning its economic hopes on a deal with China?

With talk of a possible visit to China by US President Donald Trump, could a bilateral deal help mitigate America’s economic woes?

4 hours ago·Hong Kong

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CNN

+2 Reposted by 2 other sources

The engine that fueled the Biden economy is sputtering under Trump

American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge.

5 hours ago·Atlanta, United States

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Bloomberg

Maker of Nirvana’s Guitar Sound Copes With Trump’s Tariff Chaos

Import taxes for small businesses like Electro-Harmonix cause discord, higher costs.

7 hours ago·United States

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NBC News

Price growth set to remain stubborn in February — and beyond

Price growth was set to have cooled slightly in February, forecasters said in advance of the latest Consumer Price Index report, but President Donald Trump’s tariff policies are already threatening to derail things.

7 hours ago·United States

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Newsday

+6 Reposted by 6 other sources

US inflation may have slowed slightly last month but tariffs threaten reversal

U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump's tariffs are widely expected to keep prices elevated in the coming months.

9 hours ago·United States

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