The Tariff Shock: How U.S. Tariffs on China and Global Trade Shifts Could Impact Inflation, Jobs, and Consumer Prices in 2025
Economists widely agree that easing trade tensions is important for sustaining U.S. economic growth. On May 12, U.S. trade officials announced a temporary reduction in tariffs with China, offering a brief reprieve in ongoing trade negotiations. While this adjustment lowers some tariffs, many remain significantly higher than past levels, including those seen since the 1930s. […]