Published 3 days ago • loading... • Updated 3 hours ago

Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov’t report suggests

Tariffs of 25% on imports from Mexico and certain Canadian products will take effect Tuesday, as stated by President Donald Trump.
Consumers reduced their spending by 0.2% in January, partly due to fears surrounding tariff impacts on prices, according to the Commerce Department.
President Trump's tariff threats may raise prices and slow down economic growth, which has been projected to shrink by 1.5% in the first quarter, per the Federal Reserve's Atlanta branch.

Insights by Ground AI

Does this summary seem wrong?

50 Articles

All

Left

Center

Right

Helena Independent Record

+20 Reposted by 20 other sources

Tariff threats and uncertainty could weigh on consumers, report suggests

The Federal Reserve's Atlanta branch projected the economy would shrink 1.5% at an annual rate in the January-March quarter.

18 hours ago·Helena, United States

Read Full Article

Austin Daily Herald

Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov’t report suggests - Austin Daily Herald

WASHINGTON — Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Friday showed that consumers slashed their spending by the most since February 2021, even as their incomes rose. On a positive note, inflation cooled, but President Donald Trump’s threats to impose large import taxes on Canada, Mexico, and China — …

18 hours ago

Read Full Article

The Globe & Mail

Joly says Canada open to discussing U.S. proposal to match tariffs on China

U.S. Treasury Secretary Scott Bessent said Mexico had proposed the idea and he suggested Canada should copy it, as both countries try to fend off looming U.S. tariffs

20 hours ago·Canada

Read Full Article

The Baltimore Sun

Uncertainty triggered by inflation and tariff fears lingers over US economy

The U.S. economy is facing a wave of uncertainties in 2025 with some troublesome data on inflation and consumer expectations after finishing last year on strong footing with low unemployment and continued growth despite high interest rates from the Federal Reserve. Uncertainty is the main obstacle facing the economy as consumers and businesses try to decipher what the effect of potential tariffs and trillions in tax cuts might have on prices and…

20 hours ago·Baltimore, United States

Read Full Article

Fast Company

Tariff threats and job cuts shake consumer confidence, federal report finds

Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy. Data released Friday showed that consumers slashed their spending by the most since February 2021, even as their incomes rose. On a positive note, inflation cooled, but President Donald Trump’s threats to impose large import taxes on Canada, Mexico, and China—the United Stat…

21 hours ago

Read Full Article

The Conversation

US inflation has increased since Trump took office – why prices are unlikely to come down soon

The cost of living crisis, which saw inflation in the US peak at a four-decade high of 9.1% in 2022, played a significant role in determining the outcome of last November’s presidential election. Exit polls across ten of the key battleground states showed 32% of voters considered the economy to be the most important election issue. Among that group of voters, a staggering 81% voted for Donald Trump. Trump had spent most of his election campaign …

22 hours ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year