Reported about 22 hours ago
President Trump's tariffs are contributing to concerns of a significant slowdown in US economic growth, with forecasts indicating a 36% decrease in incoming shipments at the Port of Los Angeles compared to the previous year. Economists view this as a potential warning sign of declining trade with China and suggest a broader economic pullback. As tariffs lead to higher prices and lower disposable income, consumer demand may diminish, resulting in slower growth or even negative GDP in the first three quarters of 2025.
Source: YAHOO