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Top paperjam.lu News

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

Tariffs · United States

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

52% Center coverage: 97 sources

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 States’ top trading partners -- will likely push prices higher, economists say. Some companies are already planning to raise prices in response.See the Story

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