Tariffs aftershocks

[human1234]

https://finance.yahoo.com/news/trump-tariffs-potential-aftershocks-top-leaders-prepare-for-the-worst-140451136.html

 

EY chief economist Greg Daco estimates US GDP would contract by 1.5% in 2025 and 2.1% in 2026 if the tariffs kick in as they would "dampen" consumer spending and business investment. Inflation would rise by about 0.7% in the first quarter, Daco projects.