Reported 1 day ago
An S&P Global analysis of 9,000 companies indicates that global firms face at least $1.2 trillion in unexpected losses this year due to tariffs, increased wage costs, and rising expenses. The report highlights that two-thirds of this financial burden will be shifted to consumers through higher prices, while lower earnings will absorb the remainder. The effects of tariffs are felt more acutely by lower and middle-income households, leading to a stark economic divide, as wealthier households remain relatively insulated from price increases.
Source: YAHOO