Boomerang Effect: US Tariffs May Backfire on American Consumers
US tariffs intended to protect domestic industries may backfire, leading to higher costs for businesses and consumers, escalating inflation, and potentially undermining economic growth.
US Economy
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California Wildfires Could Spark Financial Crisis in the US
California’s wildfires have caused over $20 billion in damage. With insurers withdrawing coverage, could this lead to a financial crisis similar to 2008?
Rising Costs Divide U.S. Holiday Shoppers: High Earners Spend More, Others Cut Back
Holiday spending in the U.S. is rising, but mainly among high-income households, as rising prices force lower-income Americans to cut back.
U.S. Economy Surges in 2024 but Recession Risks Loom Ahead
Despite strong growth in 2024 and optimism for 2025, analysts warn that inflation and tariffs could increase recession risks.
U.S. Economy Grows 3.1% in Q3, Beating Expectations
U.S. GDP grew at an annual rate of 3.1% in Q3 2024, beating previous estimates. Higher exports and consumer spending drove the boost, indicating stronger economic momentum.
Trump’s Tariffs: Will the US Pay the Price?
Trump’s new tariffs on Chinese imports may hurt the US economy more than expected, affecting industries from agriculture to manufacturing.