Reported about 13 hours ago
President Trump’s trade war, marked by tariffs and import taxes, is adversely affecting many sectors of the economy, with costs ultimately being passed onto American families through higher prices and reduced competition. Despite a rising stock market, numerous S&P 500 companies have reported significant profit hits due to tariffs, particularly in sectors such as Consumer Discretionary, Consumer Staples, and Health Care. While a few sectors benefit from reduced competition, most businesses and consumers are struggling with the economic fallout of these trade policies.
Source: YAHOO