The Impact of Tariffs on Industries and Employment in the United States
===============	
#119c5168 ver:0.19

The imposition of tariffs by the US on multiple countries has led to trade frictions and potential global recession. Tech stocks have been impacted, gold prices have reached record highs, and the stock market has experienced its worst week in 14 months. Trump's proposed tariffs could cost Americans $500 billion annually and hit lower-income households the hardest. Tariffs on Chinese imports would raise taxes on middle-class and poorer Americans, cutting after-tax incomes by 3.5%. Tariffs aim to reduce US dependence on China but come with national security risks. They can boost inflation and hinder Fed rate cuts, impacting US GDP growth. Biden's tariffs on select Chinese imports may not significantly impact inflation but could affect specific industries and regions....

#newstr #Tariffs #Trade #Imports #Employment #Inflation #Economy 

 https://here.news/story/119c5168?ver=0.19