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Tariff 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.
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Farmers brace for impact as Trump plans to move forward with new tariffs

Farmers across the country are preparing for economic pain after President Donald Trump announced plans to implement new tariffs starting next week.

·Louisville, United States
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  • 53% of the sources are Center
53% Center
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CGTN broke the news in Beijing, China on Thursday, February 27, 2025.
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