U.S. tariff aftershocks: Rising unemployment, soaring debt and weakened dollar

U.S. tariff aftershocks: Rising unemployment, soaring debt and weakened dollar

U.S. tariffs are causing more severe economic consequences: unemployment rates and consumer debt are expected to surge. Higher prices and the strained job market are putting considerable pressure on American households and small businesses.

Fed’s Waller will support rate cuts if Trump’s tariffs lead to job losses

The US Federal Reserve governor Christopher Waller said unemployment could rise, and quickly, if high tariffs come into play in July.

Trump Is Making the Next Fed Chair’s Job Even Harder

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“It wouldn't surprise me if we started to see more layoffs and an increase in the unemployment rate in the future, should higher tariffs, in particular, be applied again,” said Christopher Waller

Board of Governors member Christopher Waller again defended the reduction of management fees in the event that reciprocal tariffs are replaced and lead to an increase in unemployment.

JPMorgan sees a “tremendous opportunity” in U.S. Treasury bonds, predicting that the Federal Reserve will cut rates faster than the European Central Bank, in a context where Donald Trump’s tariffs are pushing economic growth. Meanwhile, American Airlines, PepsiCo and Merck cut their projections for 2025 due to global uncertainty. In Latin America, Colombia’s bonds fall due to the loss of credibility in the fiscal rule, while inflation in Mexico …