Economics
New Trump Trade Threat Yanks U.S. Economy Back Into Uncertainty
- Fed faces a re-evaluation after Powell cited moderating risks
- Economist sees a hit to ‘the pocketbooks of the working class’
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Just as the U.S. economy appeared to turn the corner after a shaky stretch, President Donald Trump’s resurgent trade-war threats cast a fresh shadow on the outlook.
Trump on Sunday pledged to boost existing tariffs on $200 billion of Chinese goods this Friday. He also threatened 25 percent levies “shortly” on a further $325 billion of imports -- or just about everything the world’s largest trading nation sends to the U.S., from iPhones to sneakers.