Reported about 18 hours ago
On February 21, 2025, Donald Trump swore in his new Commerce Secretary Howard Lutnick and outlined plans for new tariffs, including 25% duties on various imports such as cars and technology, which he believes will provide substantial revenue. This announcement follows consumer concerns about the potential impact of tariffs on prices. Trump plans to retaliate against foreign digital service taxes and hinted at merging the Postal Service with the Commerce Department. Despite the trade threats, a recent survey indicates American consumers are becoming increasingly wary of economic conditions.
Source: YAHOO