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.
123 Articles
123 Articles
Trump begins to hint at domestic economic concerns
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.
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