Reported 1 day ago
A recent analysis by the Richmond Federal Reserve predicts that new import tariffs from the Trump administration could raise the effective tariff rate on U.S. goods significantly, potentially hurting manufacturing sectors in the Midwest and Southeast. The report suggests that these tariffs may increase costs, disrupt supply chains, and raise consumer prices, potentially leading to job losses and economic harm, particularly in states like Michigan, Ohio, and Indiana.
Source: YAHOO