US EditionTariff threats and uncertainty could weigh on consumers, drag down US economy, gov’t report suggests
- President Donald Trump announced new tariffs of 25% on imports from Mexico and non-energy products from Canada, effective Tuesday.
- Automakers face rising production costs, which are expected to lead to job cuts and lower production.
- Consumer spending in January fell by 0.2%, leading to forecasts of a potential 1.5% economic shrinkage.
- Companies like Walmart and World Emblem expressed concerns that tariffs will raise prices and disrupt their businesses, affecting jobs and investments.
123 Articles
123 Articles
A week of turmoil has been brewing in the US economy. Now, President Donald Trump and his ministers have gone from directly promising gold and green forests to warning Americans that it will be a bit of a bumpy ride at first.
Looming tariffs cause uncertainty for business, industry in Colorado Springs
Amid a trade picture changing day by day, business owners, industry experts and economists in Colorado Springs are warning of the potentially far-reaching impacts of new tariffs enacted or promised by President Donald Trump.
NBC Chicago
Trump and his allies hint at economic pain ahead for Americans
President Donald Trump and his allies have begun suggesting that some economic pain could be ahead for Americans, as the administration carries out plans to slap tariffs on billions of dollars of goods coming into the U.S. and fire thousands of federal workers across the country. Trump warned Americans in his speech to Congress this week to expect a “little disturbance” from his plan to impose sweeping tariffs on billions of dollars in goods. T…
The market tried to resist, mainly focusing on the technology sector, but any gains gradually evaporated - Companies with significant exposure to Mexico and Canada and retail businesses worried about consumption are steadily on a downward path
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